Satoshi

Bull Market

Bitcoin

Rekt (rektarb.xyz)

Rekt

<p>The crypto market is in a downturn, prompting concerns about its future. However, amidst this uncertainty, there are signs that a turnaround might be on the horizon. Rekt Fencer, a top crypto analyst, has provided an analysis of the market situation and potential recovery indicators.</p>
<p>The perception in the crypto market lately mirrors that of June 19th, 2023, when prices were notably lower. On that day, the total market cap was $1.063 billion, with Bitcoin at $26,500, Ethereum at $1,700, and Solana at $15.4. Despite the stage of depression, there are reasons to believe this could be a bear trap.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The crypto market is in freefall.<br><br>Is it game over?<br><br>Not so fast.<br><br>I've dug into the data and found something big.<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;">: When and why the market will turn around <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/xEgYEzMVbn" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/xEgYEzMVbn</a></p>— Rekt Fencer (@rektfencer) <a href="https://twitter.com/rektfencer/status/1811483360428277777?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 11, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h3 class="wp-block-heading" id="strong-bitcoin-s-position-and-future-prospects-strong"><strong>Bitcoin’s Position and Future Prospects</strong></h3>
<p>Bitcoin’s larger picture remains positive despite losing its $58,000 support level. The low $50,000 level can still provide a cushion, and there’s no need for concern unless it fails to hold the low $40,000 level.&nbsp;</p>
<p>Notably, Bitcoin has already doubled since the approval of the ETF, even though altcoins are underperforming this cycle. Major investors are not selling Bitcoin; instead, they are buying more during the drop.&nbsp;</p>
<p>Marathon Digital Holdings, the largest miner, has not sold its assets despite needing to free up capital. Miner capitulation could signal an impending trend reversal, with analysts expecting Bitcoin to rise about four months after a halving event.</p>
<h3 class="wp-block-heading" id="strong-bitcoin-dominance-and-potential-altseason-strong"><strong>Bitcoin Dominance and Potential Altseason</strong></h3>
<p>Bitcoin’s market capitalization dominance has formed a consolidation zone between 54% and 57% since April. A decline and break below this zone could signal the start of an altseason.&nbsp;</p>
<p>Additionally, the approval of the Ethereum ETF, possibly delayed due to the July 4th holiday, could bring more attention to Ethereum and its ecosystem.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h3 class="wp-block-heading" id="strong-retail-shakeout-and-market-liquidity-strong"><strong>Retail Shakeout and Market Liquidity</strong></h3>
<p>Recent buyers are experiencing emotions as Bitcoin nears the $47,000 level, which is just 25% below the average purchase price for short-term holders. This level must hold or bounce quickly for a reversal.&nbsp;</p>
<p>However, even if $47,000 is reached, investors should exercise caution. Organic corrections in past bull markets have lasted 50 to 100 days, emphasizing the importance of patience.</p>
<p>Global liquidity is currently in consolidation, but changes are expected in Q4 2024 and Q1-Q2 2025. The key crypto-native liquidity, particularly stablecoins, is also showing a decline in demand for purchasing coins. This trend is evident from the rapidly dropping liquidity of USDT.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/kaspa-price-prediction-heres-why-kas-is-booming/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Kaspa Price Prediction – Here’s Why KAS Is Booming</em></strong></a></p>
<h3 class="wp-block-heading" id="strong-perspectives-on-the-bull-market-strong"><strong>Perspectives on the Bull Market</strong></h3>
<p>According to GCR, the market still resembles the summer of 2020. After the summer 2020 dip, many altcoins experienced growth over the next six months. If history repeats itself, this might be the last chance for investors to accumulate positions before a potential bull run.</p>
<p>Despite the dips lately, there are several upward indicators for the crypto market. Rekt advises to focus on building their positions, learning new skills, and developing strategies during this local dip. By the end of the cycle, those who remain patient and strategic will likely emerge as winners.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/expert-draws-out-path-for-bitcoin-btc-and-altcoins-recovery-reveals-key-timelines/" rel="noopener noreferrer nofollow">Expert Draws Out Path for Bitcoin (BTC) and Altcoins Recovery: Reveals Key Timelines</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Expert Draws Out Path for Bitcoin (BTC) and Altcoins Recovery: Reveals Key Timelines

Table of Contents

CaptainAltcoin

Other articles published on Jul 12, 2024

Ajaib Kripto: Bitcoin Masih Berpotensi Kembali Melemah ke US$54 Ribu

Hamster Kombat Goes Viral With Nearly 240 Million Users, Here’s Why Galaxy Fox Is Next

Bitcoin Outperforms Ethereum Predictions

Cryptocurrency Market Faces Continued Fluctuations

Crypto News: BTC Dips Below $57K,Altcoins Show Mixed Signals

Korea’s crypto community warns 20% tax on gains could devastate market

Join our free newsletter for daily crypto updates!