Is This Bitcoin Bulls’ Last Stand?

Published on
May 11th, 2022
Duration
38 minutes


Is This Bitcoin Bulls’ Last Stand?

CRYPTOVERSE ·
Featuring Rekt Capital and Ash Bennington

Published on: May 11th, 2022 • Duration: 38 minutes

Where’s the support for Bitcoin, and what happens if that level fails to hold? Crypto analyst and trader Rekt Capital returns to offer his technical take on the steep retracement for the world’s No. 1 cryptocurrency. Rekt is paying attention to what he calls the “macro range low” because it's "the bulls' last stand." If it’s lost, we’ll likely see a macro distribution phase, where sellers dominate the market. This scenario suggests months of downside before a final capitulation event precedes the next accumulation phase. How low might Bitcoin go in this circumstance? And what's Rekt's strategy? He answers those questions and talks about a lot more with Real Vision’s Ash Bennington. Recorded on May 9, 2022. Follow Rekt Capital on Twitter: https://twitter.com/rektcapital. Join the Rekt Capital Newsletter: https://rektcapital.substack.com.