Is Bitcoin Really Out Of The Danger Zone? Crypto Analyst Predicts Potential Dip
Portfolio Pulse from Bibhu Pattnaik
Crypto analyst Rekt Capital predicts a potential 13% dip in Bitcoin's value despite it being out of the 'danger zone' post-halving. Bitcoin faces resistance at $71,500 and may continue consolidating between $60,000 and $70,000 until September 2024.
May 26, 2024 | 4:12 pm
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Bitcoin is predicted to face a potential 13% dip despite being out of the 'danger zone' post-halving. Resistance at $71,500 may lead to consolidation between $60,000 and $70,000 until September 2024.
The analyst's prediction of a 13% dip and historical data suggesting resistance at $71,500 indicate a likely short-term decline in Bitcoin's value. The consolidation phase is expected to last until September 2024.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100