👉👉👉 There may be one last chance to buy $BTC at ‘bargain’ prices: Rekt Capital
Investors may have a limited two-week window to seize a potential "bargain-buying" opportunity for Bitcoin before a pre-halving rally kicks off in February, according to pseudonymous trader Rekt Capital. In a post to their 349,000 followers on X, Rekt Capital outlined five stages of market action around the Bitcoin halving, which is scheduled for April. Previous halvings have seen a significant dip in the months before, offering favorable returns for investors. Rekt Capital suggests that Bitcoin's recent 18% retrace in January indicates a potential two-week period for another significant pullback, presenting a final opportunity before the pre-halving rally begins.
The pre-halving rally, occurring roughly 60 days before the halving event, involves short-term traders attempting to "buy the hype" before later "selling the news" around the time of the actual halving. Following the halving, there tends to be a period of sideways price action lasting around 150 days, with many investors being "shaken out" due to disappointment. Finally, Bitcoin enters the "parabolic uptrend" phase, experiencing accelerated growth after months of accumulation.
While Rekt Capital emphasizes the halving as a pivotal factor for Bitcoin's price action, not all market participants agree. Some experts argue that the halving is becoming less useful as a metric for judging #price action. Swan Bitcoin's chief investment officer, Ralph Zagury, suggests that "#liquidity " rather than the halving will play a more integral role in impacting Bitcoin's price in 2024. Zagury emphasizes that market flows are the driving force, stating that the halving, by definition, should not inherently impact price.
Please note that this information is based on the analysis and views of Rekt Capital, and opinions may vary within the crypto community.
Source - cointelegraph.com
