Market Strategist Says Bitcoin Downtrend Is Finally Over, Here’s Where Price Is Headed Next

Quick Summary:

The analyst, who has been monitoring the cryptocurrency’s market and price actions, has suggested that Bitcoin may be getting ready for a robust recovery.  Related Reading: MOVR Bulls Assemble: Crypto Analyst Says A 2,000% Surge To $234 Is Imminent Rekt Capital has also disclosed that a fresh uptrend has begun for the pioneer cryptocurrency.

Sharing a detailed chart of Bitcoin’s price movements from 2011 to 2025, Kibar disclosed that Bitcoin was holding on strong, only witnessing slight price deviations which possibly indicates sustained interest from investors.  Related Reading: Prophet Brandon Briggs Predicts XRP Price Explosion To $10,000 The analyst has interpreted Bitcoin’s recent behavior as a positive sign for a long-term bullish outlook.

According to the strategist, Bitcoin may be heading to a new price target, driven by the positive shift in its market value.  Bitcoin Downtrend Is Over A crypto analyst identified as Rekt Capital’ on X (formerly Twitter) has announced to his 484,500 followers that Bitcoin’s prolonged downward trend was officially over.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United KingdomNorth Korea

Topics: Crypto Bitcoin Crypto analyst Bitcoin price Btc BTCUSDT Bitcoin Analyst Bitcoin news BTC news Btc price Btcusd Crypto news

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 14:30:43 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 458 words

Reading Time: 3 minutes read

Sentences: 62 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 21685251

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