Bitcoin is trading above key support at $65,000, at $67,090 on Sunday. Crypto analyst Rekt Capital says that a Bitcoin bottom is very close, based on his analysis. Crypto trader Yoddha takes an opposing stance, says there may be no deep correction in Bitcoin price. While BTC holds its gains steady, analysts evaluate the price trend of the largest asset by market capitalization and predict a deeper correction in Bitcoin.
away. pic.twitter.com/16GRRg54xa — Dr Martin Hiesboeck May 19, 2024 Crypto analyst Rekt Capital tweeted earlier on Sunday that “we would be very lucky” if BTC retraces after reaching $72,000. The reality is that when #BTC finally revisits ~$72000, we'd be very lucky if Bitcoin rejects into a small retrace from there$BTC #Crypto #Bitcoin — Rekt Capital May 18, 2024 The analyst acknowledged in a series of tweets that Bitcoin’s downtrend is likely over and the Bitcoin bottom is close.
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