Title: Cryptocurrency Analyst Predicts Parabolic Rally for Bitcoin After Completion of ‘Last Two Phases’
A well-known cryptocurrency analyst and trader, known as Rekt Capital, has shared his insights with his 72,300 YouTube subscribers, suggesting that Bitcoin (BTC) is currently in the final stages of a pre-halving consolidation. According to Rekt Capital, Bitcoin is in a reaccumulation phase and is expected to undergo the last pre-halving retracement phase before witnessing a significant upside move.
The analyst believes that the reaccumulation and pre-halving retracement stages present prime opportunities for investors to load up on Bitcoin before the halving event, which will cut miners’ rewards in half. Rekt Capital predicts that Bitcoin will likely trade within a $10,000 price range during its reaccumulation phase, with a potential bottom around $60,000.
Despite a recent rejection from $70,000, Rekt Capital remains optimistic about Bitcoin’s future price action, stating that any downside experienced in the current phase will be a golden opportunity before entering the post-halving parabolic upside phase. This phase is expected to occur several weeks or months after the reaccumulation phase and could lead to new all-time highs and beyond for Bitcoin.
At the time of writing, Bitcoin is trading at $67,816, and investors are eagerly anticipating the potential surge to new highs as predicted by Rekt Capital. The analyst’s targets for Bitcoin’s price movement post-halving have generated significant interest among the cryptocurrency community.
As always, investors are advised to conduct their own due diligence before making any high-risk investments in Bitcoin or other digital assets. The Daily Hodl, where Rekt Capital shared his insights, does not provide investment advice and encourages readers to be cautious with their transfers and trades.
In conclusion, the cryptocurrency market is abuzz with excitement as analysts like Rekt Capital predict a parabolic rally for Bitcoin following the completion of the last two phases before the halving event. Stay tuned for more updates on Bitcoin’s price action and potential future movements.
