A well-known crypto analyst, known as Rekt Capital, believes Bitcoin is about to enter a period of rapid growth. He’s predicting that Bitcoin could soon break its previous record high of around $73,800.
Bitcoin’s History Suggests a Bullish Future
Rekt Capital points to historical patterns in Bitcoin’s price movements. He argues that Bitcoin usually experiences a surge in price around 214 days after a “halving” event. This event, which happened in May 2020, is when the rate at which new Bitcoins are created is cut in half.
According to Rekt Capital, we’re now approaching that 214-day mark, and Bitcoin could start its climb towards new highs in the next couple of months.
A Potential Peak in 2025
Based on previous cycles, Rekt Capital predicts that the peak of this bull market could occur around September 2025. He says that it typically takes around 518 to 546 days after a halving for Bitcoin to reach its peak price.
What Does This Mean for Investors?
Rekt Capital’s analysis suggests that Bitcoin could be poised for a significant price increase in the coming months. However, it’s important to remember that the crypto market is volatile and unpredictable.
It’s crucial to do your own research and consult with a financial advisor before making any investment decisions.
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