Bitcoin’s Potential Parabolic Movement Foreseen by Analyst
A respected crypto analyst predicts that Bitcoin (BTC) is poised to enter the parabolic phase of its market cycle soon. The analyst believes the leading cryptocurrency is just one weekly close away from triggering this significant price move.
Analyst’s Perspective on Bitcoin’s Price Movement
- The analyst, who goes by the pseudonym Rekt Capital, shared insights on social media platform X, reaching a large audience with over 474,000 followers.
- Rekt Capital emphasized the potential for Bitcoin to enter a parabolic phase, citing its proximity to a crucial range high within the reaccumulation range.
- While the analyst acknowledges that the parabolic breakout may still be a few weeks away, the signs are pointing toward a substantial upward movement for Bitcoin.
Potential Peak Timing and Historical Context
According to Rekt Capital, Bitcoin may hit its cycle peak between mid-September and mid-October of the following year. Drawing comparisons to previous market cycles, the analyst highlighted key timelines and patterns:
- In the 2015-2017 cycle, Bitcoin reached its peak 518 days post-halving, and in the 2019-2021 cycle, the peak arrived after 546 days.
- If historical trends persist, the upcoming peak in the current cycle could occur in mid-September to mid-October 2025.
- Bitcoin’s current cycle acceleration of around 180 days indicates a deviation from traditional halving cycle patterns.
Consolidation and Price Levels
- Rekt Capital pointed out that Bitcoin’s consolidation between $60,000 and $70,000 over the last couple of months has influenced the acceleration of the ongoing cycle.
- This period of consolidation has reportedly reduced the cycle’s acceleration from 260 days to approximately 180 days, indicating a potential shift in market dynamics.
As of the latest data, Bitcoin is trading at $68,571, representing a 2.1% increase within a 24-hour period.
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Hot Take: Bitcoin’s Impending Parabolic Journey
Bitcoin’s movement towards a potential parabolic phase is a pivotal moment in its market cycle, with significant implications for investors and enthusiasts alike. Keep a close watch on the evolving landscape to capitalize on emerging opportunities and navigate the dynamic world of cryptocurrencies.
The post Bitcoin on Cusp of Entering Parabolic Phase of the Cycle, Says Crypto Analyst – Here’s the Timeline appeared first on The Daily Hodl.
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