{"id":1521,"date":"2024-05-14T17:00:26","date_gmt":"2024-05-14T17:00:26","guid":{"rendered":"https:\/\/cryptd.in\/market-expert-says-bitcoin-price-has-officially-left-the-danger-zone-can-price-strike-100000\/"},"modified":"2024-05-14T17:00:26","modified_gmt":"2024-05-14T17:00:26","slug":"market-expert-says-bitcoin-price-has-officially-left-the-danger-zone-can-price-strike-100000","status":"publish","type":"post","link":"https:\/\/cryptd.in\/sk\/market-expert-says-bitcoin-price-has-officially-left-the-danger-zone-can-price-strike-100000\/","title":{"rendered":"Market Expert Says Bitcoin Price Has Officially Left The Danger Zone, Can Price Strike $100,000?"},"content":{"rendered":"

Crypto analyst Rekt Capital<\/a> recently suggested that the worst might be over for Bitcoin. If so, the flagship crypto may be primed for a move to the upside, rising to as high as $100,000<\/a>, which some other crypto analysts have predicted would be the case.\u00a0<\/p>\n

Bitcoin Is Out Of The \u201cDanger Zone\u201d<\/h2>\n

Rekt Capital mentioned in an X (formerly Twitter) post<\/a> that the Bitcoin Post-Halving \u201cDanger Zone\u201d is officially over. He added that Bitcoin is \u201ccelebrating with a good bounce from the Re-Accumulation Range<\/a> Low support.\u201d The crypto analyst had previously explained that the danger zone was the downside wick that Bitcoin experienced 21 days after the zn\u00ed\u017eenie na polovicu<\/a> in 2016.<\/p>\n

Related Reading: Crypto Analyst Predicts 3,000% Surge For Shiba Inu \u2013 Here\u2019s The Timeline<\/a><\/p>\n

Rekt Capital also revealed back then that Bitcoin had repeated the 2016 history \u201cperfectly,\u201d with the flagship crypto dropping below the bottom of its current Re-Accumulation range. Meanwhile, based on the crypto analyst\u2019s previous analysis<\/a>, Bitcoin is now headed for the Re-Accumulation phase, which occurs after the halving.<\/p>\n

Rekt Capital claimed this period usually lasts up to five months but added that it could be shorter this time. The crypto analyst predicts that BTC may maintain a \u201cRegular sideways range and may not last very long before additional uptrend continuation.\u201d Rekt Capital also Navrhovan\u00e9<\/a> that $60,600 would likely be the base of the Re-Accumulation range.\u00a0<\/p>\n

In a subsequent X post<\/a>, Rekt Capital hinted that things would likely improve from here on for the flagship crypto. He said, \u201cBitcoin is showing early-stage signs of slowing down in its sell-side momentum, slowly developing a curl against the $60,000 support<\/a>.\u201d \u201c$60,000 needs to continue to hold as it has long as it has been holding thus far for this curl to progress and eventually lift up,\u201d he added.\u00a0<\/p>\n

Rekt Capital noted<\/a> in another X post that this move to the upside might take time but will eventually happen. According to him, this month and next month may be \u201cunremarkable\u201d for Bitcoin is running out of \u201cunremarkable months\u201d before the \u201cparabolic phase of the cycle begins.\u201d<\/p>\n

Arthur Hayes, the co-founder and former CEO of the BitMEX crypto exchange, also echoed a similar sentiment when he uviedol .<\/a> that Bitcoin had found its local bottom and would range between $60,000 and $70,000 until August.\u00a0<\/p>\n

$100,000 May Be BTC\u2019s Next Stop After This Phase<\/h2>\n

Based on price predictions made by several crypto analysts, Bitcoin will likely climb to $100,000<\/a> once this period of consolidation is over. One of these analysts is Pseudonymous crypto analyst PlanB, who claimed<\/a> that BTC hitting this price level this year is \u201cinevitable.\u201d Tom Dunleavy, Partner and Chief Investment Officer (CIO) at MV Capital, had also predicted<\/a> earlier in the year that Bitcoin would reach $100,000 after the halving.\u00a0<\/p>\n

Meanwhile, crypto analyst Ali Martinez Navrhovan\u00e9<\/a> that Bitcoin will at least come close to this price level even if it doesn\u2019t eventually reach it. He stated that a surge above $66,250 would give the flagship crypto enough strength to move towards $69,150. Martinez claimed that BTC could advance to a nov\u00e9 historick\u00e9 maximum (ATH)<\/a> of $92,190 if it eventually breaches that resistance level.<\/p>","protected":false},"excerpt":{"rendered":"

Crypto analyst Rekt Capital recently suggested that the worst might be over for Bitcoin. If so, the flagship crypto may be primed for a move to the upside, rising to as high as $100,000, which some other crypto analysts have predicted would be the case.\u00a0 Bitcoin Is Out Of The \u201cDanger Zone\u201d Rekt Capital mentioned […]<\/p>\n","protected":false},"author":1,"featured_media":1329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[51,52,53],"class_list":["post-1521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds","tag-bitcoinprice","tag-marketanalysis","tag-priceprediction"],"yoast_head":"\nMarket Expert Says Bitcoin Price Has Officially Left The Danger Zone, Can Price Strike $100,000? - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/sk\/market-expert-says-bitcoin-price-has-officially-left-the-danger-zone-can-price-strike-100000\/\" \/>\n<meta property=\"og:locale\" content=\"sk_SK\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Expert Says Bitcoin Price Has Officially Left The Danger Zone, Can Price Strike $100,000? - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Crypto analyst Rekt Capital recently suggested that the worst might be over for Bitcoin. 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