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What’s The Worst Case Scenario For Bitcoin Right Now? Analyst Explains
Crypto analyst Rekt Capital analyzed Bitcoin’s recent 11% decline from its $108,374 all-time high, emphasizing historical patterns of pullbacks in weeks 6-8 of "price discovery uptrends." He highlighted a critical support zone at $96,537, cautioning that failure to hold this level could lead to a further drop to $89,830 or even fill the CME gap at $78,000–$80,000. The bearish engulfing candle and loss of key technical supports suggest a potential corrective phase. However, Rekt remains long-term bullish, noting past cycles where corrections preceded stronger parabolic uptrends. Currently, BTC trades at $95,000. 2 replies
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