CandleFocus Additional Downside for Bitcoin To Be Expected As Resistance Remains Strong, According to Analyst
2024-12-25
Author: Content Editor
The crypto strategist Rekt Capital suggests that Bitcoin may head lower as it struggles to regain key support levels and faces resistance. The analyst points out that a correction during this phase of the bull market cycle is not uncommon and could set the stage for future rallies. Rekt Capital believes that Bitcoin still has about 38% to complete in the current bull market cycle, with the final stage traditionally being the most explosive. At the time of writing, Bitcoin is trading at $98,151, showing a significant increase of over 125% in the past year.
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