A crypto expert who correctly predicted Bitcoin’s dip before the last halving thinks the coin is about to go on a wild ride. This trader, known as Rekt Capital, believes Bitcoin is just weeks away from a massive price surge based on historical trends.
The “Boring Zone” Is About to End
Rekt Capital explains that Bitcoin has been stuck in a “boring zone” since the last halving, which happens every four years. This period of sideways trading is actually a good thing, as it allows Bitcoin to build a strong base before its big move.
He points out that in 2016 and 2020, Bitcoin spent about 150-160 days in this “boring zone” before breaking out. If the same pattern holds true this time, Bitcoin could start its parabolic climb as early as late September or early October.
What’s a Parabolic Phase?
The “parabolic phase” is when Bitcoin’s price skyrockets, reaching new all-time highs and breaking through previous resistance levels. It’s a period of intense buying pressure and rapid price appreciation.
Rekt Capital believes this upcoming parabolic phase could take Bitcoin to levels we’ve never seen before.
Bitcoin’s Current Price and What’s Next
At the time of writing, Bitcoin is trading around $59,301, down slightly in the last 24 hours. However, this dip could be a temporary setback before the big breakout.
Rekt Capital’s prediction is just one perspective, and it’s important to do your own research before investing in crypto. Remember, the market is volatile, and past performance is not indicative of future results.
