A popular Bitcoin analyst claimed that the recent correction in the trade price was like a manipulation, instead of the usual downfall as a part of bearish sentiments.Â
As we know, yesterday the Bitcoin trade price crashed by 7% in 24 hours, following the bad news around the money market.
On 2 May 2024, A popular crypto analyst Rekt Capital shared his analysis and said that the latest correction in the trade price of Bitcoin was mostly a part of manipulation.
In another analysis, Rekt Capital said that some negative factors are surely impacting the bull sentiments around Bitcoin but it doesn’t mean that the bull is over.
According to his analysis, Bitcoin may face up to -mm38% correction in the trade price, which means the price may even hit the $ 51.5k level.
Bitcoin hater & US Global economist Peter Schiff also shared his bearish opinion on Bitcoin and said that the $60k level is now a resistance level for the Bitcoin market. With his analysis, he suggested people sell & get out from Bitcoin to prohibit big losses.
Earlier this a few weeks ago, some Bitcoin enthusiasts shared their opinion on the Bitcoin bull sentiment & said that the lack of new bull factors may slow down the inflow of money in the market.
If we look at the past Bitcoin halving events then we found that Bitcoin every time surged 100%+ after 12 months of post halving phase. So here we should be optimistic about these factors, & should not be diverted from Google Bitcoin trade decisions.
Read also: Bitcoin enthusiast says current BTC price was already predicted by Elon Musk in 2021Â