The Bitcoin pre-halving trends are addressed. So, make sure to check out the latest price predicitons about the king coin.
Bitcoin pre-halving trends
A popular crypto analyst, who goes by the name Rekt Capital, is predicting Bitcoin’s future moves as the cryptocurrency approaches its halving event in the coming year.
Rekt Capital assures their followers on X social media that regardless of Bitcoin’s next move, it will still be worth approximately $30,000 by April 2024.
The analyst believes that despite a possible breakout or breakdown soon, Bitcoin’s value will remain consistent going into the halving.
Rekt Capital adds that BTC has found support for now, having bounced back from a lower high resistance and is currently holding onto the bull market support band cluster of moving averages.
Despite a slight rally to start October, the analyst says BTC has retraced most of its gains.
“BTC
Rallied +5% this October but retraced most of the move.
Historically, we’ve seen upside wicks of up to +8% beyond a key Monthly resistance.
If BTC Monthly Closes below black this month -> rejection.
However, reclaim it as support and BTC will move higher.”
It is believed by Rekt Capital that BTC will reach a value of approximately $30,000 in April 2024, regardless of its next move.
During the pre-halving year, there is usually a mix of upward and downward volatility throughout the year. It is likely that these prices will still be present during the halving.
If BTC were to break out soon, the price would correct itself afterwards. If there were to be a breakdown, BTC would be able to recover from it.
According to a popular crypto trader, Bitcoin (BTC) is preparing to reach new heights and Chainlink’s (LINK) final corrective moves have been plotted.
The crypto analyst, Michaël van de Poppe, has informed his 668,000 followers on X, a social media platform, that BTC is poised to aim for new highs.
