Insider’s Analysis of Bitcoin Halving and Price Movements 📈
A respected observer in the crypto space asserts that the market has yet to fully grasp the impact of Bitcoin’s recent halving, which reduced rewards for BTC miners by half. Despite the positive run-up to new highs, there are key insights to consider:
– Bitcoin typically triggers a parabolic rally after a halving event
– Historical data shows a delay of several months before the halving is factored into prices
– The analyst predicts a future rally but not to extreme highs
– Anticipates a consolidation period lasting about 150 days before a breakout
Rekt Capital, with a large following, indicates that Bitcoin has exited the danger zone historically associated with corrections. Nevertheless, he suggests that BTC may not experience significant rallies until around September this year, with current prices hovering at $68,580.
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