Posted 4/15/2024, 11:46:02 AM
Analyst: Bitcoin to Bottom Out Soon Before New Bull Run
- Altcoins may bottom out in late May/early June before entering a new “hype cycle” in July according to analyst Rekt Capital
- Despite correction, Rekt still believes Bitcoin is in a bull market and will dip enough to make people doubt before resuming uptrend
- Rekt expects Bitcoin to consolidate between $60k and $70k for several weeks before continuing higher after this month's halving
- Bitcoin recently rejected from $70k resistance, which gives idea of re-accumulation range high
- Key levels to watch are re-accumulation range low support around $60k and resistance around $70k