A popular crypto analyst, known as Rekt Capital, remains optimistic about Bitcoin’s future, even with its recent price drop. He believes the current correction is just a minor setback in Bitcoin’s overall upward trajectory.
The Banana Zone is Still in Play
Rekt Capital, who boasts a large YouTube following, sees Bitcoin’s current price action as part of a larger growth pattern he calls the “banana zone”—a period of rapid price increases. He claims the recent dip is a temporary blip within this zone, and Bitcoin is still poised for further growth.
History Repeats Itself?
The analyst points to past Bitcoin price movements to support his prediction. He notes that similar corrections occurred before previous all-time highs, suggesting the current dip is normal. He cites examples from 2013, 2017, and even the pre-halving period of the current cycle, all showing temporary dips before significant price increases.
What’s Next for Bitcoin?
According to Rekt Capital, once this correction ends, Bitcoin will enter another phase of price discovery, followed by another correction, and then a final push to a new all-time high, likely marking the bull market peak. At the time of writing, Bitcoin is trading around $85,773.
Disclaimer: This information is for general knowledge only and is not financial advice. Always conduct your own research before making any investment decisions.
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