A popular crypto analyst, known as Rekt Capital, believes Bitcoin (BTC) is on the verge of a major price surge. He says Bitcoin could enter a “parabolic phase” – a period of rapid price increases – based on historical patterns.
What’s the Hype?
Rekt Capital points to the “halving” event, which happened in early 2024. This event reduces the rate at which new Bitcoins are created, and historically, it’s been followed by significant price increases.
He believes Bitcoin is currently in a “re-accumulation phase,” where investors are buying up the cryptocurrency before the expected breakout. This breakout could happen as early as next month, according to the analyst.
Key Levels to Watch
Rekt Capital says Bitcoin is likely to reclaim the $60,000 level as support before the price really takes off. He emphasizes that any dips in the price shouldn’t be taken lightly, as the potential for a breakout is getting closer.
A Word of Caution
It’s important to remember that crypto markets are notoriously volatile. While this analyst’s prediction sounds exciting, it’s essential to do your own research and understand the risks involved before investing in any cryptocurrency.
