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Bitcoin Bottom Is Just Around The Corner – Here’s the Timeline

Bitcoin Bottom Is Just Around The Corner – Here’s the Timeline

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The post Bitcoin Bottom Is Just Around The Corner – Here’s the Timeline appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto guide

Bitcoin has fluctuated incessantly between the $19,000 and $20,000 price levels, which has kept the entire crypto market down.

Meanwhile, a well-known crypto analyst and trader known anonymously as Rekt Capital has provided a time frame when Bitcoin (BTC) will finally bottom out.

Rekt Capital announced on Twitter to its 328,000 followers that Bitcoin’s bottom is just around the corner and could form a year after reaching the height of the bull market.

Analysts say that when Bitcoin reaches the peak of a bull market, the currency usually reaches its absolute bottom within the next 365 days. So if history repeats itself, it’s been 300 days since Bitcoin had its bull market peak, so that’s about two months.

Bitcoin price at new lows

Next, the expert says that Bitcoin is approaching the bottom of its downtrend, which is the moment when market participants should seize the opportunity; conversely, investor sentiment toward bitcoin (BTC) is low.

In addition, Rekt Capital says that it is important for investors to maintain a strategic approach rather than a submissive investment attitude.

He tries to encourage traders by citing that traders should approach trading with the question of what they will do if Bitcoin’s new lows come.

Bitcoin is changing hands at $20,046 after a 0.18% drop in the last 24 hours.



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