CandleFocus Crypto Strategist Says Seller Exhaustion in Sight for Bitcoin, Predicts Subsequent Price Rebound for BTC
2024-09-09
Author: Content Editor
The analyst Rekt Capital believes that Bitcoin and the crypto market are currently experiencing strong selling pressure. However, the analyst expects that sellers will not be able to sustain the downward pressure for long and anticipates either a strong bounce or a full trend reversal in the near future. Rekt Capital points to a massive volume bar on the daily chart as a potential sign of seller exhaustion, but notes that sell-side volume has not yet reached levels seen in previous price reversals. Despite the recent price correction, Rekt Capital maintains that Bitcoin is still in a long-term bull market and predicts that it has about a year left in its current bull run.
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