{"id":142036,"date":"2024-11-12T16:00:22","date_gmt":"2024-11-12T14:00:22","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=142036"},"modified":"2024-11-12T15:15:54","modified_gmt":"2024-11-12T13:15:54","slug":"bitcoins-rally-may-continue-uninterrupted-says-analyst","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoins-rally-may-continue-uninterrupted-says-analyst\/","title":{"rendered":"Bitcoin\u2019s Rally May Continue Uninterrupted, Says Analyst"},"content":{"rendered":"<p>Pseudonymous analyst Rekt Capital <strong><a href=\"https:\/\/x.com\/rektcapital\/status\/1855991911955222982\" target=\"_blank\" rel=\"nofollow\">shared<\/a> <\/strong>with his nearly that <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin\u2019s<\/a> <\/strong>current rally may continue uninterrupted for the next few weeks.<\/p>\n<p>At the time of writing, Bitcoin is trading just under $85,000, having surged by nearly $20,000 in less than a month. Rekt Capital pointed out that historical patterns suggest that the price may not experience any major downturn for several weeks, as the initial phase of a new price discovery cycle typically sees consistent upward momentum.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#BTC<\/a><\/p>\n<p>Bitcoin bottomed 547 days prior to the 2016 Halving but topped in its Bull Market 518 days after the 2016 Halving<\/p>\n<p>Bitcoin bottomed 517 days prior to the 2020 Halving but topped in its Bull Market 549 days after the 2020 Halving<\/p>\n<p>Bitcoin bottomed 517 days before the 2024\u2026 <a href=\"https:\/\/t.co\/QUGuDFUjXv\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/QUGuDFUjXv<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1855984333443518674?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">November 11, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Rekt also referenced Bitcoin\u2019s historical performance around halving events, which occur when miner rewards are reduced.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/andrew-tate-predicts-bitcoins-true-bull-run-is-just-beginning\/\" title=\"Andrew Tate Predicts Bitcoin\u2019s True Bull Run Is Just Beginning\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/andrew-tate-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Andrew Tate Predicts Bitcoin\u2019s True Bull Run Is Just Beginning<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>He noted that previous cycles have shown that Bitcoin tends to hit a market peak about 549 days after a halving event, which would suggest a potential bull market peak around October 2025, following the 2024 halving.<\/p>\n<p>The analyst concluded that, based on past trends, Bitcoin\u2019s best rally may still be ahead.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A popular crypto analyst believes Bitcoin could be entering a period of sustained growth, with little chance of significant pullbacks in the near future.<\/p>\n","protected":false},"author":8,"featured_media":132468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72],"class_list":["post-142036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin\u2019s Rally May Continue Uninterrupted, Says Analyst<\/title>\n<meta name=\"description\" content=\"A popular crypto analyst believes Bitcoin could be entering a period of sustained growth, with little chance of significant pullbacks ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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