Bitcoin Poised to Enter Parabolic Phase if History Repeats, Crypto Analyst Reveals Timeline
A market observer specializing in cryptocurrencies asserts that Bitcoin (BTC) is poised to shift towards a more positive trajectory. Referred to as Rekt Capital, the analyst shares with his substantial YouTube audience that Bitcoin is currently in a phase of re-accumulation and is nearing the phase where it may enter a parabolic cycle. The analyst predicts that Bitcoin is just a few weeks away from surpassing its existing peak of approximately $73,800, drawing from past patterns.
“214 days following the halving usually marks the period when we start to see a new upward trend because… 214 days post-halving, we should already be on our way to new peaks… technically, we are a little over two months from breaking out to new all-time highs and truly experiencing that price exploration,” the analyst explains.
The pseudonymous analyst forecasts that, historically, the peak of the current bullish market cycle could manifest around September 2025. Reflecting on previous trends, he notes that it typically takes 546 or 518 days for Bitcoin to rally to new all-time highs and reach the ultimate peak of the bullish market post-halving. For instance, in the 2020-2021 cycle, it took 546 days from the halving to reach the peak, while in the 2016-2017 cycle, it took 518 days.
At the time of writing, Bitcoin is trading at $59,984. The analyst’s insights are further elaborated in a YouTube video shared with his audience. It is highlighted that Bitcoin’s journey to new peaks and the ultimate peak of a bullish market post-halving typically spans 518 to 546 days.
The market observer’s projections are supported by a visual representation of Bitcoin’s potential trajectory, emphasizing the potential for growth and reaching new highs. The analyst’s analysis suggests a timeline for Bitcoin’s upward movement and potential peak based on historical data.
In conclusion, the current outlook for Bitcoin, as analyzed by the pseudonymous analyst, indicates a promising trajectory towards bullish territory, with the potential for significant growth and the attainment of new all-time highs in the foreseeable future.
