Bitcoin traders, buckle up! According to the crypto analyst, Rekt Capital, Bitcoin is on the verge of an extraordinary “parabolic phase,” and we might be just weeks away from witnessing a massive surge in Bitcoin’s price. He highlights that based on historical trends, this rally could begin within the next few months and stretch well into 2025.
Rekt Capital, with nearly 82,000 subscribers on YouTube, explains that the real action starts 160 days after Bitcoin’s halving event, which occurred in April this year. If history repeats, we’re approaching a breakout from Bitcoin’s current re-accumulation phase. He predicts that by the end of 2024, we’ll see a strong upward momentum, transitioning from the first phase of the bull market into the much-anticipated parabolic rally that has every trader excited.
He adds that this parabolic phase represents the most exhilarating and profitable part of Bitcoin’s market cycle. The upcoming rally will be marked by a significant breakout, and it’s closer than you think! Traders should be alert because, according to Rekt Capital, we don’t have long to wait before Bitcoin breaks out and heads into a historic bull run that could shape the entire crypto market.
Currently, Bitcoin is hovering around $58,503, but don’t let the recent dip fool you. The path ahead could be thrilling and highly rewarding for traders prepared for the long haul. We’re not far from seeing Bitcoin go ballistic, so get ready to witness history in the making.
