The Crypto Analyst’s Prediction for Bitcoin’s Next Move 📈
A crypto analyst who accurately predicted the recent Bitcoin correction now unveils the timeline for the next BTC parabolic move. Rekt Capital, a pseudonymous analyst, predicts that Bitcoin is currently in the post-halving reaccumulation phase and could be gearing up for another significant upside move in the coming months, based on historical patterns.
Bitcoin Reaccumulation Phase:
- In 2020, Bitcoin retraced -19% post-halving.
- The cryptocurrency then consolidated for 160 days before entering the Parabolic Phase.
- In 2024, Bitcoin retraced almost -24% around the halving.
- If history repeats, Bitcoin could consolidate for 160 days before the next Parabolic Phase.
Technical Analysis Insights:
- Bitcoin broke out of a bullish continuation pattern after testing $66,000 as support.
- The trend continuation is confirmed with the Bull Flag breakout.
- A chart shared by Rekt Capital indicates that Bitcoin’s bull market still has room to grow.
Altcoin Rallies on the Horizon:
- Rekt Capital sees fresh altcoin rallies looming, welcoming the Q2 Altcoin Hype Cycle.
Current Bitcoin Price:
- Bitcoin is currently trading at $71,148, marking a 7.50% increase in the last 24 hours.
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Generated Image: DALLE3
Hot Take: Insight Into Bitcoin’s Future Movement 🚀
The crypto market is abuzz with predictions about Bitcoin’s upcoming parabolic phase, with Rekt Capital leading the way based on historical trends and technical analysis. As BTC continues to show signs of strength and potential for further growth, investors and traders are closely watching for the next big move in the market.
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