A market strategist has declared that Bitcoin (BTC), the world’s largest cryptocurrency, has finally concluded its downtrend. According to the strategist, Bitcoin may be heading to a new price target, driven by the positive shift in its market value. Bitcoin Downtrend Is Over A crypto analyst identified as ‘Rekt Capital’ on X (formerly Twitter) has announced to his 484,500 followers that Bitcoin’s prolonged downward trend was officially over. The analyst, who has been monitoring the cryptocurrency’s market and price actions, has suggested that Bitcoin may be getting ready for a robust recovery. Related Reading: MOVR Bulls Assemble: Crypto Analyst Says A 2,000% Surge To $234 Is Imminent Rekt Capital has also disclosed that a fresh uptrend has begun for the pioneer cryptocurrency. The crypto analyst shared a detailed price chart depicting Bitcoin’s price movements in 2024, highlighting the cryptocurrency’s current price position. With Bitcoin steadily moving out of bearish trends, Rekt Capital predicts that the cryptocurrency could see its price surging between $65,000 to $71,500. The analyst revealed that for Bitcoin to reach this bullish price target, it will ..
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