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If Bitcoin falls to a low of 517-547 days before the April 2024 halving…

Bitcoin is currently trading at $22,118, up 2% from its previous close, although it is still down 25% on the weekly charts. Bitcoin, according to crypto analyst Rekt Capital, may be entering a multi-month consolidation phase.

Furthermore, Rekt Capital has another intriguing idea for why the bear market may be months away. Rekt Capital expects the bottom in Q4 2022, based on the link between Bitcoin and the next halving cycle.

Bitcoin transactions are being made in waves of realized losses, which is not surprising. And this week has witnessed the highest number of realized losses since the data began in 2009. High capitulation spikes can and will foreshadow bottoms in the future. This week has witnessed the highest number of realized losses, causing traders the most anguish.

BTC hit rock low 547 days before the Halving in 2015. $BTC hit rock bottom 517 days before the halving in 2018. (discount March 2020 crash). If Bitcoin falls to a low of 517-547 days before the April 2024 halving… Then, in Q4 of this year, the bottom will be reached.

Furthermore, the circulation of Bitcoin tokens has reached its greatest level in 4.5 years. Traders are undoubtedly reacting to the significant price decreases this week. The 4.5-year high in Bitcoin’s daily token circulation illustrates how polarized we are. To begin the week, 497k unique $BTC were transferred, the most since December 6, 2017.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.