BitcoinWarrior

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Bitcoin In ‘The Danger Zone,’ Says Trader Who Targets 22% Drawdown

Popular pseudonymous crypto analyst Rekt Capital is cautioning Bitcoin (CRYPTO: BTC) investors that the current period is a “danger zone” for the leading cryptocurrency. What Happened: “This pre-halving retrace began around 30 days before the halving and so we are in the thick of the danger zone,” Rekt Capital told his followers on YouTube. “Because we’re still in the danger zone anything can still go. This is still volatility that’s supposed to get us closer to establishing a re-accumulation range at these highs, said the trader, referring to the range between $73,800 and mid-$60,000s. The “d…