# Bitcoin Nears ‘Peak Opportunity’ Zone

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Last modified: 2022-07-03

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By Paul Ebeling · 2022-07-03
Tags: Shayne Heffernan on Investments, Luxury, opportunity, Lifestyle, Paul Ebeling, Bitcoin, Crypto, Education, crypto, Bitcoin, Knightsbridge Insights, Living, Featured, Business, Market, Money
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#crypto #bitcoin #opportunity

$BTCUSD

"*Popular crypto trader says that Bitcoin is nearing a price zone that could offer a highly favorable risk-reward ratio for long-term BTC investors"*--Paul Ebeling

Pseudonymous crypto strategist Rekt Capital told his 320,900 Twitter followers that this cycle might be different for BTC as the king crypto continues to trade below the 200-wk MA, an indicator that has previously marked the bottom for the leading digital asset. 

*“Historically, the 200-week MA has figured as a bottom indicator for BTC. In this cycle, things may be a bit different. Instead of BTC bottoming at the 200-week MA, it may form a macro range below it. Anything below the 200-wk MA will likely represent peak opportunity.”*

According to the crypto strategist, Bitcoin will likely face seller exhaustion as it trades below the 200-wk MA, which Rekt Capital says could eventually put long-term investors in a position to pick up BTC at a price area that offers maximum rewards. 

*“Across its entire history, BTC has always downside-deviated below the 200-week MA, but this time? The downside-deviation hasn’t had a strong/quick recovery back above the 200-wk MA. The BTC recovery may take longer, but it’s still a downside deviation nonetheless.*

*BTC is reaching historic levels of overselling. At some point, this extreme overselling will coincide with the point of maximum financial opportunity.”*

Rekt Capital also says that while Bitcoin currently remains in a strong downtrend, it will eventually reach a conclusion, which would open the door for a new Bull cycle. 

*“BTC may still very well be in the ‘Downtrend Acceleration’ phase of its correction but this phase will precede the ‘Multi-Month Consolidation’ phase, which will precede the ‘New Macro Uptrend’ phase.”*

At time of writing, Bitcoin is trading for $19,322.08.

[*Chec*](http://crypto.livetradingnews.com/en)[k Price Action](http://crypto.livetradingnews.com/en)

Have a prosperous holiday weekend, Keep the Faith!

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