Investor pointed to favorable time to buy BTC before growth
Investor and cryptanalyst Rekt Capital believes that the price of Bitcoin (BTC) could drop to $37,000 shortly. According to the expert, the fall of BTC by more than $5,000 from the current level can be considered a healthy recovery. He recalled that the first cryptocurrency has experienced similar price movements, and such patterns have historically contributed to the overall health of the cryptocurrency market. Additionally, as the BTC halving approaches, any deeper corrections during this period could provide investors with excellent bargaining opportunities. #BTC New Monthly Close is in The last two times Bitcoin retested ~$41000 (blue) as support, price produced volatile retests The retests saw downside wicks go to as low as the ~$37000 region History suggests any dip into ~$37000 would be healthy$BTC #Crypto #Bitcoin pic.twitter.com/AVBF7WYAYL — Rekt Capital (@rektcapital) January 1, 2024 Currently, the price of BTC is at $42,500. Over the past year, the first cryptocu...