Bitcoin's price action has almost completed its down phase after April's Halving

lupafilotaxia (74)in Project HOPE • 21 days ago

Well gentlemen things are getting good they say over there, well actually that is an advice from my beloved people, I will now move on to contextualize what the experts are projecting for the future of Bitcoin rather what is likely to unfold in the price action in the next few months for Bitcoin.

Now, according to information disclosed by William Suberg Cointelegraph Columnist the Bitcoin halving danger zone has only two days left, namely Bitcoin price action gives up gains above USD 60,000, even according to Cointelegraph Markets Pro and TradingView data showed intraday lows of USD 60,190 price action on Bitstamp.

According to popular trader Skew in part of his latest market coverage on X, "The monthly open has been washed out again, just as the monthly buyers have been taken out. In my opinion, if the bulls want to go higher and want to break this downtrend, this is it."

On the other hand, it has been indicated that The danger zone ends with Bitcoin's weekly close, "Updating its outlook for BTC's price behavior following last month's halving of the per-block allowance, meanwhile, popular trader and analyst Rekt Capital said it's time for the current weakness to end."

An important fact to note is that, "In late April, Rekt Capital predicted a major downside episode for Bitcoin over a two-week period, something that eventually came true in the form of a trip to two-month lows USD 56,500"