Bitcoin

Rekt (rektarb.xyz)

Rekt

<p>The price of BTC has remained close to the highly anticipated $100,000 mark for the last five days. it has consistently traded between $96,000 and $99,000. There seems to be a strong resistance to growth at the peak of the $99,000 mark.</p>
<p>Rekt Capital made a post to address the market’s doubts and struggles. His post, which was made on X on Sunday, also stated what he termed the worse-case scenario for the Bitcoin price.</p>
<p><a href="https://x.com/rektcapital/status/1860409548504465830?t=6lE6NkOqgwueEk2vQ392FA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Rekt Capital explained</a> that Bitcoin is understandably encountering resistance at the major psychological milestone of $100,000. He posed the question of whether a dip is necessary, considering <a href="http://7 Reasons Why Bitcoin (BTC) Price Could Hit $200,000 in 2025" target="_blank" rel="noopener noreferrer nofollow">BTC price</a> only broke out from a sideways range five days prior.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="722" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-854-1024x722.png" alt="" class="wp-image-587341" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-854-1024x722.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-854-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-854-767x541.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-854-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-854-2048x1445.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-854-213x150.png 213w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-854-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-854-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-854-788x555.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-854.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>While this is debatable, he suggested that the worst-case scenario could see Bitcoin dip as much as 8.5% down to around $91,000, which would serve as a retest of prior resistance.</p>
<p>For context, he noted that Bitcoin previously experienced a 7% dip about ten days ago. Rekt Capital acknowledged that while Bitcoin could experience a shallower dip, it is essential to remember that dips are a natural part of the market cycle and often precede further upward movement.</p>
<p><em><strong>Read Also: <a href="https://captainaltcoin.com/federal-reserve-expands-hedera-hbar-and-xrp-integration-for-rlusd-payments/" target="_blank" rel="noopener noreferrer nofollow">Federal Reserve Expands Hedera (HBAR) and XRP Integration for RLUSD Payments</a></strong></em></p>
<h2 class="wp-block-heading" id="increase-in-btc-buying-pressure">Increase In BTC Buying Pressure</h2>
<p>Amid all this, the price of BTC has started to see an increase, with a 3% rise in the last 36 hours. Also, yesterday’s candlestick has a <a href="https://www.tradingview.com/chart/EURUSD/xJUPQTT2-Candlestick-Wick-Meaning-and-Trading-Strategies/#:~:text=Long%20Lower%20Wicks%3A%20Suggest%20a,to%20dominate%20the%20price%20action." target="_blank" rel="noopener noreferrer nofollow">long rejection wick </a>that suggests the bulls might be ready for an upward move. Such a wick is typical at price bottoms.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="480" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-853-1024x480.png" alt="" class="wp-image-587333" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-853-1024x480.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-853-300x141.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-853-767x360.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-853-1536x721.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-853-2048x961.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-853-320x150.png 320w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-853-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-853-746x350.png 746w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-853-788x369.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-853.png 1814w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Adding to the bullish outlook, <a href="https://x.com/ali_charts/status/1860279455647723565?t=E23GcnJ-rOB0IfDaO-pK5w&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Ali charts</a> also indicate that BTC buying pressure has increased across major platforms in the last few hours. More investors are buying Bitcoin from platforms like Binance, OKX, HTX, and Bybit.</p>
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<p>The post <a href="https://captainaltcoin.com/expert-describes-worse-case-scenario-for-bitcoin-btc-as-price-struggles-to-break-past-100k/" rel="noopener noreferrer nofollow">Expert Describes “Worse-Case Scenario” for Bitcoin (BTC) as Price Struggles to Break Past $100k</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Expert Describes “Worse-Case Scenario” for Bitcoin (BTC) as Price Struggles to Break Past $100k

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