Bitcoin’s Next Bull Run Could Start Soon, Suggests Analyst
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Top crypto analyst, Rekt Capital, suggests that Bitcoin is on the cusp of transitioning into a new bull market cycle.
Drawing parallels from the 2016 and 2020 market cycles, he predicts that Bitcoin may soon surpass its previous all-time highs. Based on historical trends, he believes that Bitcoin is already in the early stages of the bull market, but the most significant price surges are yet to come.
The analyst focuses on the post-halving re-accumulation phase, a period of market consolidation that typically occurs after Bitcoin’s halving events.
He explains that in both the 2016 and 2020 cycles, it took between 150 to 160 days after the halving for Bitcoin to break out into its parabolic phase, leading to explosive price growth.
With the current cycle now 126 days in, he anticipates a similar breakout could happen as soon as late September, transitioning Bitcoin into the most bullish phase of its cycle.
Rekt Capital also emphasizes the importance of patience during this phase. He notes that while the bull market is gradually unfolding, investors should prepare for increased volatility and remain cautious as Bitcoin approaches its breakout point.
He suggests that the upcoming months could offer significant opportunities for those who stay informed and ready to capitalize on Bitcoin’s anticipated surge.
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