Bitcoin $87,233.21Despite the recent retreats, the analyst rectors states that a strong rise in a long -term view is still on the table. Emphasizing that the corrections before Halving (half) are part of a usual process, Analyst said that we are currently in the phase he described as Bana Banana Zone .. This period is considered not only from sudden rise, but also as a whole consisting of expected corrections. Historical examples also support this view. According to Rekt Capital, investors do not need to panic. Because during the price discovery periods, such retreats are often experienced and strengthens the general ascension trend instead of disrupting it.
What does “Banana Zone” mean?
Rekt Capital said that Bitcoin is currently called “Banana Zone, and that it is going through a wavy but general aspect. This is not a one -time rise; A price journey that takes place in stages. This process is completed with the correction, a new upward movement and a second correction that follows. According to the analyst, the current decline is considered the first correction.
Rekt Capital, who refers to graphic analyzes, emphasizes that due to the nature of this period, it has both rise and decrease. In other words, investors should not think that the rise in every decline ends. On the contrary, such retreats are often a preparation phase of the next paraboolic movement.
Rekt Capital’s statements are an important guide for investors trying to determine direction in the crypto money market. In particular, the parallels established by the analyst who evaluates price movements in the historical context with past examples are remarkable.
How many corrections have been experienced in the past?
Analyst said that today’s correction was the first stop to today’s correction by showing market cycles in 2017 and 2021. Reminding that there were four corrections in 2017 and three corrections in 2021, Rek Capital said that a similar process could now be experienced. This means that the current decline is actually part of a natural development process.
Expressing that at least one correction may be experienced after the current price withdrawal, the analyst says that investors should be prepared for it. Although the frequency and severity of the corrections may vary, the overall aspect is up and that these fluctuations are a natural part of the “big picture”.
Bitcoin is traded at $ 87.305 at the time of the article. The crypto money market is moving with cautious steps with the expectations of rise.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
