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Bitcoin Price Alert: Expert Warns Of Upcoming 25% Drop, Timing And Trends Explained Newsbtc 26 ноя 2024

Bitcoin Price Alert: Expert Warns Of Upcoming 25% Drop, Timing And Trends Explained 📉

Rekt Capital Donald Trump Bitcoin Glassnode

Bitcoin recently hit a new all-time high of $99,600, but has since retraced to $94,000 following a 40% surge after Donald Trump's election. Market expert Rekt Capital warned of a possible 25% correction, citing historical cycles that indicate a potential drop to $70,500 within weeks.

In past cycles, significant corrections have followed initial rallies, as seen in 2013, 2017, and 2020/2021. Rekt Capital notes that Bitcoin is currently in the fourth week of its uptrend, aligning with previous cycle patterns of correction.

Data from Glassnode shows long-term holders are increasing their selling activity, with notable pressure at -366,000 BTC monthly. The 6 to 12-month holder cohort, in particular, is leading the selling charge, averaging 25,600 BTC sold daily.

This increased selling indicates a potential market shift, as some investors opt to take profits instead of facing possible volatility. Despite these developments, Bitcoin's year-to-date gains remain noteworthy at 150%.

Источник: www.newsbtc.com ↗

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