Bitcoin (BTC) Offers Last Chance Bargain Before Surge: Pre-Halving Rally Insights

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3
(07:08 AM UTC)
2 min read

Contents

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  • The Bitcoin price is currently in the re-accumulation phase providing final bargain before the parabolic rally resumes above $70,000. It’s a matter of when not if.
  • Popular crypto analyst Rekt Capital explains that Bitcoin is undergoing its final halving retrace.
  • “BTC price rally will start once it breaks out of its re-accumulation range of $60K-$70K,” states Rekt Capital.

Explore the imminent Bitcoin rally as it prepares to break out above $70,000, signaling a robust uptrend in the crypto market.

Bitcoin’s Market Resilience Signals Upcoming Surge

As Bitcoin surpasses $67,000, analysts pinpoint the re-accumulation phase as a precursor to a significant price rally, potentially reaching new highs.

Understanding the Re-Accumulation Phase

The re-accumulation phase often precedes major bullish momentum, serving as a consolidation period that allows for accumulation before price breakouts.

Conclusion

This analysis suggests that Bitcoin is setting the stage for a substantial rally. Investors and traders should monitor the $60K-$70K range closely for breakout signals.

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David Kim

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