Experts Weigh In: Is Bitcoin’s (BTC) Recent Decline a Normal Market Fluctuation?
full version at en.coinotag
- Bitcoin’s price drop following the halving event has investors on edge.
- However, many analysts with a large following on social media prefer to stay calm.
- The largest cryptocurrency by market value has lost nearly 20% of its value in the last three months.
Bitcoin’s recent price drop post-halving has sparked concerns among investors, but many analysts believe this is a normal correction within the market cycle.
“Necessary for the halving cycle”
Renowned crypto analyst Rekt Capital shared on his account that the pullback in Bitcoin’s price is in line with the halving cycle. He acknowledged that the retracement and sideways trend in Bitcoin’s price can be painful, but emphasized that this is exactly what the cycle needs to resynchronize with historical price norms and the traditional halving cycle.
