Here’s When Bitcoin Could Leave the “Boring Zone” and Head for New Highs
A well-known crypto analyst believes that Bitcoin (BTC) is on the verge of entering the parabolic phase of its market cycle.
“Rekt Capital said that based on historical data, Bitcoin could return to bullish price action in the next few weeks.
He explained that Bitcoin is currently in what he calls the “boring zone,” which he defines as the re-accumulation phase after the halving.
Historically, this phase involves trading in a range for an extended period of time. In previous cycles, such as 2016 and 2020, this phase has lasted approximately 150-160 days.
If this pattern persists, the current phase could end by late September or early October, setting the stage for Bitcoin to enter the parabolic phase, which he calls the “banana zone.”
This range-bound price action, according to the analyst, is essential as it allows Bitcoin to build a solid base before shooting to new all-time highs. According to him, re-accumulation after the halving usually precedes parabolic price action, which helps Bitcoin explore new highs during the bull market phase.
Despite Bitcoin’s recent decline to below $60,000, Rekt Capital’s analysis suggests that the current consolidation phase could be a harbinger of significant upside movement in the cryptocurrency’s price, potentially leading to new all-time highs as the market cycle progresses.
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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