Bitcoin’s Longest Re-Accumulation Phase Could Push Price to $96K, Says Analyst
Bitcoin (BTC) has just completed one of its longest re-accumulation phases in history, according to popular crypto analyst Rekt Capital.
In a recent YouTube update, the anonymous trader pointed out that the cryptocurrency has been in an extended price discovery phase, surpassing previous cycles in 2021, 2017, and 2013.
Rekt Capital explained that, unlike earlier cycles, this current phase has already lasted four weeks without significant pullbacks.
In contrast, past bull runs typically saw price discovery last between five to eight weeks before a retracement occurred. He mentioned that if the current cycle is similar to previous ones, Bitcoin could experience a few more weeks of upward momentum before any major correction.
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Additionally, Rekt shared a price projection based on historical patterns, noting that if Bitcoin were to mirror the performance of the 2020 cycle, it could rise by as much as 106%. This would put the price of Bitcoin at approximately $96,500 by the end of 2024.
Bitcoin Poised for New Highs? Analyst Says $101K Is the Key
A well-known crypto analyst believes Bitcoin could reach record highs—if it clears a critical resistance level. DonAlt suggests that BTC needs to break past $101,000 to trigger a significant rally. According to him, this is the final barrier before Bitcoin can push into uncharted territory. “The setup looks solid. That’s why I’ve been saying to […]
Bitcoin Could Crash 40% if This Support Level Fails to Hold
A well-known crypto analyst, known for his accurate predictions, is now highlighting a potential downside for the asset amid the recent correction. The crypto expert, known as Rekt Capital, explained that while Bitcoin is currently in an upward trend, historical patterns suggest that a further decline is possible. Rekt Capital pointed out that Bitcoin often […]
Bitcoin Eyes $150K as Analysts Highlight Bullish Patterns and Key Support Levels
Bitcoin remains in a consolidation phase above $100,000, showing no significant movements in the past 24 hours. Key indicators, including its position above the 50-day and 200-day SMAs, suggest continued bullish momentum, supported by an “Extreme Greed” market sentiment score of 83. The “3 Expansion Phases” pattern, highlighted by TradingShot, indicates Bitcoin could reach $150,000 […]
Critical Bitcoin Price Points That Could Trigger Major Market Moves
Crypto analysis firm MarktQuant has identified key price levels that will play a crucial role in Bitcoin’s next moves, drawing attention to both resistance and support zones that investors should watch closely. 🟠 $BTC Key Levels to Watch For the bulls to regain control, the price must soon surpass the critical resistance at 98.4k. Failure […]
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