A Crypto Analyst Predicts Bitcoin’s Future Moves
A popular crypto analyst known as Rekt Capital has outlined the potential future moves of Bitcoin (BTC) as the cryptocurrency approaches its halving event next year. Regardless of whether BTC breaks out or breaks down, Rekt Capital believes that Bitcoin will reach a value of approximately $30,000 by April 2024. In the short term, BTC has found support after rejecting from lower high resistance and is now holding the bull market support band cluster of moving averages. Despite a slight rally at the beginning of October, BTC has retraced most of its gains. However, Rekt Capital maintains that BTC will ultimately reach the $30,000 mark by the next halving.
Predicting BTC’s Price Movements
Rekt Capital reiterates that regardless of BTC’s next move, it will likely be valued around $30,000 in April 2024. The pre-halving year typically experiences both upside and downside volatility throughout the year. Whether BTC breaks out or experiences a breakdown, Rekt Capital believes that the price will correct or recover accordingly. Currently, BTC is valued at $27,523, experiencing a 0.8% decrease in the past 24 hours.
Hot Take: Bitcoin’s Future and Volatility
As Bitcoin approaches its halving event next year, crypto analyst Rekt Capital predicts that regardless of BTC’s immediate movements, it will eventually reach a value of approximately $30,000 by April 2024. The pre-halving year tends to exhibit both upside and downside volatility throughout the year. Whether BTC breaks out or experiences a breakdown, Rekt Capital believes that the price will correct or recover accordingly. Currently valued at $27,523 with a slight decrease in the past 24 hours, BTC’s future remains uncertain but potentially lucrative for investors.
By
By
By
By
By