A crypto strategist who nailed the Bitcoin pre-halving correction this year thinks BTC<\/a> has carved a mid-cycle bottom.<\/p>\n Pseudonymous trader Rekt Capital shared<\/a>\u00a0a chart with his 483,500 followers on the social media platform X that he says suggests the top crypto asset\u2019s post-halving downtrend has come to an end.<\/p>\n \u201cThe Bitcoin correction is over.\u201d\u00a0<\/em><\/p>\n To support his stance, Rekt argues<\/a> that BTC \u201chas successfully reclaimed its post-halving reaccumulation range.\u201d<\/p>\n The analyst also says<\/a> that Bitcoin has kicked off what he thinks will be a multi-week uptrend after BTC broke above a diagonal resistance that has kept the market bearish since June.<\/p>\n Additionally, Rekt notes<\/a> that previous halving cycles indicate that BTC is only 40.2% through its current bull market.<\/p>\n The analyst also tells<\/a> traders not to be concerned with price dips in the near future.<\/p>\n \u201cAny dip, should one occur, would be Bitcoin\u2019s way of reclaiming previously lost levels as new support. Any dips would act as a pivotal retest in ensuring further trend continuation to the upside. Just remember this on a future red day.\u201d<\/em><\/p>\n Bitcoin is trading at $64,795 at time of writing and is up nearly 6% in the past 24 hours and about 13% in the past week.<\/p>\n Despite its price gains in the past seven days, Bitcoin is still over 12% down from its all-time high of more than $73,700, which it set on March 14th this year, according to CoinGecko<\/a>.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A crypto strategist who nailed the Bitcoin pre-halving correction this year thinks BTC has carved a mid-cycle bottom. Pseudonymous trader Rekt Capital shared\u00a0a chart with his 483,500 followers on the social media platform X that he says suggests the top crypto asset\u2019s post-halving downtrend has come to an end. \u201cThe Bitcoin correction is over.\u201d\u00a0 Source: […]<\/p>\n","protected":false},"author":2,"featured_media":345720,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-345715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/345715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=345715"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/345715\/revisions"}],"predecessor-version":[{"id":345722,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/345715\/revisions\/345722"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/345720"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=345715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=345715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=345715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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