Bitcoin Price Surges Amid US Government Shutdown
The price of Bitcoin has seen a relief rally, surging to $27,000 ahead of the upcoming U.S. government shutdown on October 1. Market analysts speculate that if the shutdown occurs, Bitcoin’s price could rally even further to $30,000 and beyond.
Crypto analyst Rekt Capital suggests that the next 140 days leading up to the Bitcoin halving will be crucial. He believes that this period presents a unique opportunity to accumulate Bitcoin at prices below $20,000.
Potential for Dollar-Cost Averaging Strategy
Based on historical data, implementing a dollar-cost-averaging strategy during the next 140 days could be advantageous. If Bitcoin experiences a retracement, it is likely to happen within this timeframe.
Last Opportunity to Buy Bitcoin Under $20,000?
Rekt Capital suggests that these 140 days might be the last opportunity to buy Bitcoin at low or sub-$20,000 prices. After the halving, he believes there won’t be another chance to buy the dips.
Preparing for a Parabolic Bull Run
Rekt Capital advises investors to take advantage of possible downside in the coming months in order to position themselves strongly for the parabolic uptrend that usually follows the halving. Based on historical trends, he predicts that the next bull market peak could occur 518-546 days after the halving, potentially in mid-September or mid-October 2025.
October’s Significance for Bitcoin
October has historically been a significant month for Bitcoin, with strong recoveries and positive trends extending into Q4 and the following year’s first quarter. However, this year’s cryptocurrency landscape presents unique challenges.
Hot Take: Bitcoin’s Rally and the US Government Shutdown
The potential US government shutdown has coincided with a relief rally in Bitcoin’s price, pushing it to $27,000. Market analysts speculate that if the shutdown occurs, Bitcoin could rally even higher to $30,000 and beyond. Crypto analyst Rekt Capital believes that the next 140 days leading up to the Bitcoin halving will be crucial for investors. He suggests that this period might be the last opportunity to accumulate Bitcoin under $20,000. Based on historical trends, he predicts a parabolic bull run after the halving, with the next peak potentially occurring in mid-September or mid-October 2025. October has traditionally been a significant month for Bitcoin, but this year’s landscape presents unique challenges.
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