‘We’re in the Thick of the Danger Zone’ – Analyst Issues Bitcoin Alert, Predicts More Downside Risk for BTC

‘We’re in the Thick of the Danger Zone’ – Analyst Issues Bitcoin Alert, Predicts More Downside Risk for BTC


An analyst and trader is issuing a warning on Bitcoin (BTC) amid the flagship crypto asset’s double-digit pullback from an all-time high reached last month.

The analyst pseudonymously known as Rekt Capital tells his 71,300 YouTube subscribers that Bitcoin is currently experiencing a correction ahead of the halving scheduled to occur in a little over two weeks.

“So this pre-halving retrace began around 30 days before the halving and so we are in the thick of the danger zone…

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Because we’re still in the danger zone anything can still go. This is still volatility that’s supposed to get us closer to establishing a re-accumulation range at these highs. So any volatility around this danger zone [between $73,800 and mid $60,000s] is still all within historical

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