BeMob Tracking Pixel
Wall Street Logic
  • Home
  • Metals and Mining
  • Crypto
  • Alternative Investments
  • Financial Literacy
  • AI
  • Featured Companies
    • Apollo Silver Corp.
    • Norsemont Mining Inc.
    • Stallion Uranium Corp.
    • West Point Gold Corp.
No Result
View All Result
Wall Street Logic
  • Home
  • Metals and Mining
  • Crypto
  • Alternative Investments
  • Financial Literacy
  • AI
  • Featured Companies
    • Apollo Silver Corp.
    • Norsemont Mining Inc.
    • Stallion Uranium Corp.
    • West Point Gold Corp.
No Result
View All Result
Wall Street Logic
No Result
View All Result

Bitcoin Price Recovery: Insights from a Crypto Expert on Key Factors to Watch

Wall Street Logic by Wall Street Logic
June 23, 2024
in Crypto
Reading Time: 2 mins read
Bitcoin Price Recovery: Insights from a Crypto Expert on Key Factors to Watch
1
SHARES
26
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Bitcoin Price Analysis: What Needs to Happen for BTC to Continue Its Bull Run

Introduction

Crypto analyst Willy Woo recently shared insights on the current state of Bitcoin’s price and what needs to happen for the flagship cryptocurrency to recover and continue its bull run. This article breaks down Woo’s analysis and other crypto experts’ views on Bitcoin’s recovery.

You might also like

Bitcoin Faces Critical Breakdown: Technical Collapse, Rising Bond Yields, and Quantum Computing Threats Signal Potential Bear Market

Bitcoin’s Breakthrough Year: A Look Back at 2025 and What’s Coming in 2026

The Stable Coin Strategy: America’s New Debt Reset Mechanism

Factors Affecting Bitcoin’s Recovery

According to Willy Woo, Bitcoin’s recovery hinges on the shedding of weak miners and the subsequent hash rate recovery. Woo explained that inefficient miners, running outdated hardware with high costs, are facing bankruptcy. This process of miners capitulation has been dragging down BTC’s price since the halving event earlier this year.

Source: X

Miners’ Capitulation and Hash Rate Recovery

As miners’ income halved post-halving, many miners have been forced to sell BTC holdings to cover costs or upgrade hardware. This ongoing miners’ capitulation has prolonged Bitcoin’s downtrend. Additionally, Bitcoin’s hash rate recovery in this cycle has taken longer compared to previous cycles, hinting at a delayed price recovery.

Predictions for Bitcoin’s Recovery

Crypto analyst Rekt Capital believes that Bitcoin’s recovery is imminent, with consolidation currently taking place. He anticipates Bitcoin’s re-accumulation phase to transition into a parabolic uptrend phase, potentially beginning in September. Based on historical patterns, BTC’s market top could be reached in September or October next year.

Advice for Bitcoin Investors

Rekt Capital advises Bitcoin investors to hold firm amid possible price retracements. He warns against being shaken out of positions, as Bitcoin could experience temporary dips before resuming its upward trajectory.

BTC Price Recovery
BTC price recovers from lows | Source: BTCUSD on Tradingview.com

Conclusion

Bitcoin’s recovery is contingent on various factors such as miners’ capitulation and hash rate recovery. Despite the current challenges, experts believe that Bitcoin will regain momentum and potentially reach new highs in the coming months. Investors are advised to stay vigilant and hold their positions for long-term gains.

Tags: BitcoincryptoExpertFactorsInsightskeyPriceRecoveryWatch
ShareTweetShare
Previous Post

AI Startup Waabi Secures $200 Million Funding to Revolutionize Robotrucks

 Next Post

Unlocking Everyday Efficiency: A Guide to Successful AI Integration

Recommended For You

Bitcoin Faces Critical Breakdown: Technical Collapse, Rising Bond Yields, and Quantum Computing Threats Signal Potential Bear Market

by Wall Street Logic
January 21, 2026
32
Bitcoin Faces Critical Breakdown: Technical Collapse, Rising Bond Yields, and Quantum Computing Threats Signal Potential Bear Market

For weeks, Bitcoin maintained a healthy uptrend from its late November lows, climbing steadily toward $98,000. The chart pattern during this period was textbook bullish, characterized by a...

Read moreDetails

Bitcoin’s Breakthrough Year: A Look Back at 2025 and What’s Coming in 2026

by Wall Street Logic
January 14, 2026
36
Bitcoin’s Breakthrough Year: A Look Back at 2025 and What’s Coming in 2026

The cryptocurrency world just wrapped up what many insiders are calling a watershed moment for Bitcoin. The consensus is clear: forget about price action for a moment, because...

Read moreDetails

The Stable Coin Strategy: America’s New Debt Reset Mechanism

by Wall Street Logic
January 7, 2026
35
The Stable Coin Strategy: America’s New Debt Reset Mechanism

The United States carries over $37 trillion in debt, and that number grows by approximately $1 trillion every 100 days. The government now spends more than $1 trillion...

Read moreDetails

Bitcoin Miners Abandon Crypto for AI: The Great Infrastructure Pivot of 2024-2025

by Wall Street Logic
December 9, 2025
60
Bitcoin Miners Abandon Crypto for AI: The Great Infrastructure Pivot of 2024-2025

In June 2024, a sprawling industrial complex on the outskirts of Corsicana, Texas, represented the cutting edge of cryptocurrency mining ambitions. Riot Platforms, the facility's owner, was in...

Read moreDetails

Bitcoin’s Dramatic Decline: How Cryptocurrency Lost Over 30% After Trump’s Pro-Crypto Rally Fizzled

by Wall Street Logic
December 3, 2025
51
Bitcoin’s Dramatic Decline: How Cryptocurrency Lost Over 30% After Trump’s Pro-Crypto Rally Fizzled

The cryptocurrency market has experienced a sobering reality check in recent months, with Bitcoin plummeting more than 30 percent and Ethereum declining approximately 40 percent from their peak...

Read moreDetails
Next Post
Unlocking Everyday Efficiency: A Guide to Successful AI Integration

Unlocking Everyday Efficiency: A Guide to Successful AI Integration

Browse by Category

  • AI
  • Alternative Investments
  • Crypto
  • Featured Companies
  • Financial Literacy
  • Metals and Mining

CATEGORIES

  • Metals and Mining
  • Crypto
  • Alternative Investments
  • Financial Literacy
  • AI

Recent Posts

  • Norsemont Mining Inc. (CSE: NOM , OTC : NRRSF)
  • The Job Singularity: Why AI-Driven Disruption Follows a Historic Pattern of Human Progress
  • Norsemont Mining Inc. (CSE: NOM , OTC : NRRSF)
  • The Five-Year Window: How AI Could Permanently Freeze Economic Mobility
  • Home
  • Blog
  • About Us
  • Privacy Policy
  • Terms & Conditions

© 2024 Wallstreetlogic.com - All rights reserved.

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
No Result
View All Result
  • Home
  • Metals and Mining
  • Crypto
  • Alternative Investments
  • Financial Literacy
  • AI
  • Featured Companies
    • Apollo Silver Corp.
    • Norsemont Mining Inc.
    • Stallion Uranium Corp.
    • West Point Gold Corp.

© 2024 Wallstreetlogic.com - All rights reserved.