‘There’s Not Much More Downside Left To Go’: Trader Says Bitcoin Close to Bottom After Deepest Retrace of Cycle

A cryptocurrency analyst and trader is saying Bitcoin (BTC) may have reached a market bottom after correcting down into the high $50,000 range. The analyst pseudonymously known as Rekt Capital tells his 74,900 YouTube subscribers that Bitcoin’s latest correction is the cycle’s deepest, suggesting a further decline is unlikely. “This single corrective period is now […] source: https://dailyhodl.com/2024/05/03/theres-not-much-more-downside-left-to-go-trader-says-bitcoin-close-to-bottom-after-deepest-retrace-of-cycle/