Popular cryptocurrency analyst Rekt Capital said that there may be a correction before the Bitcoin halving.
Bitcoin last 1 week While it reached its all-time high four times in 2018, experienced analyst Rekt Capital called for a correction. came.
Using the historical cycle model, the analyst predicts that a possible correction 2020before the halving in 20% correction and 2016 before the halving 38% He emphasized that he would be compatible with the withdrawal. If there is a 20% decline as in the last bull market, the Bitcoin price will 62-58 thousand dollars range He hinted that he might regress.
On the other hand, he stated that Bitcoin has hosted two significant corrections since the beginning of the year and that a possible correction before the halving may remain shallower:
This year Bitcoin experienced a pullback of -18% in January and -14% in early March. Therefore, if a pullback occurs before the halving, it is likely to be shallower rather than deeper.