• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

What Is Proof-of-Work (PoW) in Blockchain? A Beginner-Friendly Guide

2025-05-12

What is Proof-of-Authority (POA) Consensus in Blockchain?

2025-05-10

What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

2025-05-09
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What Is Proof-of-Work (PoW) in Blockchain? A Beginner-Friendly Guide

    2025-05-12

    What is Proof-of-Authority (POA) Consensus in Blockchain?

    2025-05-10

    What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

    2025-05-09

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    2025-05-03

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    2025-05-02
  • Market Cap
  • Shop
Crypto Semantic
Home»Analysis»Crypto Analyst Issues Bitcoin Warning, Says BTC Could Crash up to 40% Near 2024 Halving
Analysis

Crypto Analyst Issues Bitcoin Warning, Says BTC Could Crash up to 40% Near 2024 Halving

2023-11-22No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

A extensively adopted crypto dealer is warning that Bitcoin (BTC) may witness a dramatic correction across the subsequent halving occasion in 2024.

Crypto analyst Rekt Capital tells his 370,300 followers on the social media platform X that Bitcoin may repeat a 2016 value sample and decline by 40% after a pre-halving rally.

The subsequent halving occasion is predicted in April 2024, when miners’ rewards are lower in half. A 40% decline from Bitcoin’s present worth is about $22,500, although the value of BTC could possibly be a lot greater by April of subsequent 12 months.

“Bitcoin may probably see a retrace round a halving occasion of as much as 40%. We’re going to be focusing particularly on this [2016] pre-halving retrace interval.

That is the place Bitcoin was consolidating for a considerable period of time in preparation for this mild blue pre-halving rally to new yearly highs after which after we fashioned these new yearly highs, Bitcoin really retraced the minus 40%.

A good portion of that retrace got here within the type of a draw back wick and if you consider this draw back wick, that retested the very high of this pre-accumulation vary proper over right here, however occurred solely a handful of weeks earlier than the halving occasion providing a reduction on Bitcoin.

40% isn’t at all times the case, however that is in all probability the worst-case state of affairs for Bitcoin. So in case you see a variety like this manner on this cycle, for example, then relaxation assured we’ll in all probability see a retest of that vary.”

Supply: Rekt Capital/X

Bitcoin is buying and selling for $37,341 at time of writing.

See also  Blockchains need an interoperable standard to evolve, say crypto execs

Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox

Verify Worth Motion

Observe us on Twitter, Fb and Telegram

Surf The Day by day Hodl Combine

Featured Picture: Shutterstock/candy kiwi/Chuenmanuse



Source link

Analyst Bitcoin BTC Crash Crypto Halving Issues Warning
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

FBI reports $9.3 billion in US targeted crypto scams as elderly hit hardest

2025-04-24

Phishing scammers now exploiting Google’s infrastructure to target crypto users

2025-04-16

Most Profitable Crypto to Mine in 2025: Best Altcoins for Mining

2025-04-11

The Main Differences Between Crypto Exchanges

2025-03-03
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Scams

FTX and Alameda Move Nearly $20,000,000 in Solana (SOL) and Other Altcoins in Just One Day: On-Chain Data

2023-10-30

The property of bankrupt crypto trade FTX and its related buying and selling arm Alameda…

NFT

Bidding on Dookey Dash winning key rises to $1.6 million

2023-02-27

NFT In style Twitch streamer Kyle Jackson — referred to as Mongraal — acquired a…

DeFi

Protocol to identify ‘systemically important’ blockchain banks could help prevent a market crash: Study

2023-08-02

Kanis Saengchote, a researcher at Chulalongkorn College in Thailand, just lately developed a framework for…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

Beginner’s Guide to DeFi Lending & Borrowing: Part 1

2023-06-29

Binance Labs Announces Investment in Fixed-Yield Protocol Pendle Finance

2023-08-23

Avalanche ASC-20 transactions surge: How about AVAX?

2023-11-24

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$104,493.001.95%
  • ethereumEthereum(ETH)$2,686.368.38%
  • rippleXRP(XRP)$2.581.52%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$665.580.35%
  • solanaSolana(SOL)$182.435.66%
  • usd-coinUSDC(USDC)$1.000.00%
  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$104,493.001.95%
  • ethereumEthereum(ETH)$2,686.368.38%
  • rippleXRP(XRP)$2.581.52%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$665.580.35%
  • solanaSolana(SOL)$182.435.66%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 104,636.03
ethereum
Ethereum (ETH) $ 2,688.89
xrp
XRP (XRP) $ 2.59
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 666.23
solana
Solana (SOL) $ 182.78
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.239191
cardano
Cardano (ADA) $ 0.83264
tron
TRON (TRX) $ 0.271484
bitcoin
Bitcoin (BTC) $ 104,636.03
ethereum
Ethereum (ETH) $ 2,688.89
xrp
XRP (XRP) $ 2.59
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 666.23
solana
Solana (SOL) $ 182.78
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.239191
cardano
Cardano (ADA) $ 0.83264
tron
TRON (TRX) $ 0.271484