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Top Analyst Predicts Bitcoin’s Imminent Bull Run and Record-Breaking Highs

29.08.2024 15:30 1 min. read Alexander Stefanov
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Top Analyst Predicts Bitcoin’s Imminent Bull Run and Record-Breaking Highs

Cryptocurrency analyst Rekt Capital believes Bitcoin (BTC) is on the verge of entering a bullish phase.

The analyst explained that Bitcoin is currently in a re-accumulation phase and is nearing a parabolic phase of its cycle.

Rekt Capital suggests that, based on historical patterns, Bitcoin could be just weeks away from surpassing its all-time high of around $73,800. He points out that typically, around 214 days after a halving event,

Bitcoin begins a new upward trend. According to his analysis, this timeline indicates that Bitcoin may be on the brink of breaking out to new highs and entering a period of price discovery in a couple of months.

The analyst also predicts that the peak of the bull market in this cycle could occur around September 2025. Drawing from previous cycles, he notes that after a halving, it usually takes between 518 and 546 days for Bitcoin to reach its peak.

For instance, the 2020-2021 cycle took 546 days to hit the bull market peak, while the 2016-2017 cycle took 518 days. This historical pattern suggests a similar timeline for the current cycle.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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