A popular crypto analyst, Rekt Capital, predicts a long Bitcoin bull run. He believes Bitcoin has just entered a parabolic phase, a period of rapid price increases.
Bitcoin’s Parabolic Run: How Long Will It Last?
Rekt Capital, with a massive following on X (formerly Twitter), claims Bitcoin is only 16 days into this parabolic phase. Historically, these phases have lasted around 300 days. With Bitcoin currently trading at around $97,465 (a 45% increase in the last month), this prediction suggests a significant price increase is still possible.
When Will the Correction Hit?
Looking at past cycles, Rekt Capital notes that significant pullbacks in Bitcoin’s price didn’t happen until several weeks into similar price discovery periods. In 2017, it took eight weeks; in 2020/2021, it was four weeks. Since we’re only in week three of the current rally, he believes a correction might still be some time away. He adds a surprising twist: the peak will likely happen unexpectedly. He says the market top will arrive when nobody’s even considering it a possibility.
Ethereum’s Bullish Signal
Rekt Capital also sees positive signs for Ethereum (ETH). He points to a bullish signal on the weekly chart, suggesting a potential price increase towards $3,700. Ethereum is currently trading around $3,346, up about 28% in the last month.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before making any investment decisions.
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