Analyst Warns of Potential Bitcoin Capitulation as BTC Nears Crucial Support
Analyst Warns of Potential Bitcoin Capitulation as BTC Nears Crucial Support
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A prominent analyst, Rekt Capital, cautions that Bitcoin (BTC) is at risk of repeating historical capitulation events, reminiscent of 2018 and 2022, should it fail to hold critical support at the 200-week exponential moving average (EMA). Losing this key level could trigger a significant decline in its value.
A widely followed analyst says Bitcoin may repeat an historical capitulation event if BTC fails to hold one key level. The analyst pseudonymously known as Rekt Capital tells his 563,100 followers on X that if Bitcoin loses support at the 200-week exponential moving average (EMA) it may plummet in value similar to what occurred in […]