Crypto Analyst Warns Bitcoin Has Entered a ‘Second Danger Zone’ – Reveals His Specified Targets
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Crypto Analyst Warns Bitcoin Has Entered a ‘Second Danger Zone’ – Reveals His Specified Targets

A cryptocurrency expert and trader has issued a cautionary message, suggesting that Bitcoin (BTC) could experience a further decline in the next two weeks. The analyst, who goes by the pseudonym Rekt Capital, shared this insight with his 74,300 YouTube followers, drawing a parallel between the current Bitcoin correction and the price action seen during the 2016 halving. Rekt Capital explains that in 2016, Bitcoin went through two corrective waves: one before the halving and another after the halving. He points out that, historically, it is not uncommon for BTC to experience a pullback within weeks after a halving event. Rekt Capital describes this period as a “danger zone” and warns that Bitcoin could remain within this zone until next month, based on past trends. However, he also notes that if Bitcoin manages to hold its current support zone around the $60,000 mark over the next couple of weeks, it could indicate a stronger foundation for the cryptocurrency. As of now, Bitcoin is trading at $62,871, showing a decline of over 3% in the past day.

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