A popular crypto analyst, Rekt Capital, predicts Bitcoin (BTC) is nearing a major price jump. They believe it’s in the final stages of consolidation before reaching new all-time highs.
Bitcoin’s Next Big Move?
Rekt Capital, who boasts a large following on X (formerly Twitter), points to historical price patterns. They argue Bitcoin has already completed its first major upward price discovery phase. Now, they say, a second bullish phase is imminent, but only after establishing solid support. The key level to watch? A daily close above $97,700. Breaking above this level, or reclaiming it as support, could fuel a move towards $101,000, according to the analyst.
Long-Term Bitcoin Outlook
The analyst’s forecast extends beyond the near term. They anticipate the Bitcoin bull market will continue through the rest of 2025. However, they also predict a significant bear market beginning in 2026, potentially causing a price drop of 65% to 80%. This bear market is expected to last over a year.
Disclaimer: This information is for general knowledge only and is not financial advice. Always conduct thorough research and consider professional advice before making any investment decisions.
