The post Bitcoin Bull Run : Expert Prediction On Post-Halving – Here’s What To Expect appeared first on Coinpedia Fintech News
Bitcoin’s future looks promising as leading cryptocurrency analyst Rekt Capital delves into pivotal trends that could shape its trajectory. With a crucial chart in focus, the analysis indicates a potential shift from a macro downtrend to an optimistic macro uptrend. This comes as the Bitcoin community anticipates the halving event, a significant occurrence in the crypto world.
Historical Patterns and Predictions:
Rekt Capital emphasizes the importance of historical patterns, drawing parallels with past market movements. The analyst’s recent statements highlight a potential pre-halving retracement, mirroring trends seen in previous halvings. “Bitcoin has successfully retested the $34,900 level as support, aiming for the Range High of approximately $44,000,” the analyst noted, suggesting a revisit to around $45,000 prior to the Halving.
Post-Halving Bull Market:
Looking beyond the halving, Rekt Capital predicts a bull market spanning about 518 days, reminiscent of post-halving trends in 2016 and 2020. This period might witness Bitcoin reaching new heights, with a possible bull market peak between mid-September and mid-October 2025.
The pre-halving period is crucial, potentially involving reaccumulation, rallies, and retracements. This phase is pivotal for investors navigating the intricate landscape of Bitcoin’s price fluctuations.
Adding to the complexity, Daan Crypto reports significant developments on Binance’s BTC spot pair. A whale has been influencing prices with substantial spot walls in the $41.5-42K range. This individual’s decision to execute market selling into these walls has led to adjustments and repositioning of these walls at higher levels.
Market Volatility
Daan Crypto concludes that Bitcoin, within the mentioned price range, has ended its phase, predicting a volatile end to 2023. This underscores the dynamic and ever-evolving nature of the cryptocurrency market.
As the world of cryptocurrency continues to evolve, investors and enthusiasts alike are closely monitoring these developments, seeking to understand and capitalize on the potential shifts in Bitcoin’s trajectory.
#PriceAnalysis [Source: Coinpedia]