A crypto analyst predicts a parabolic rally for Bitcoin (BTC) once it completes its final pre-halving phases.
Reaccumulation and Retracement
The analyst, known as Rekt Capital, believes BTC is in the final stages of a reaccumulation phase, where investors buy up the asset before a price surge. This will be followed by a pre-halving retracement, the last opportunity for investors to accumulate BTC at lower prices.
Target Price Range
During the reaccumulation phase, Rekt Capital expects BTC to trade within a $10,000 range, with a potential bottom around $60,000.
Surge to New Highs
Once the pre-halving retracement is complete, Rekt Capital predicts a parabolic rally that will push BTC to new all-time highs. This surge could occur “many weeks or even months” after the reaccumulation phase.
Disclaimer
The analyst’s opinions are not investment advice. Investors should conduct their own research before making any crypto investments.
