Bitcoin on Cusp of Entering Parabolic Phase if History Repeats Itself, Says Crypto Analyst – Here’s the Timeline

A cryptocurrency analyst and dealer says Bitcoin (BTC) is about to show bullish.

The analyst underneath the pseudonym Rekt Capital tells Its 84,700 YouTube subscribers point out that Bitcoin is in a reaccumulation part and “very near the parabolic part of the cycle.”

In line with the pseudonymous analyst, Bitcoin continues to be weeks away from breaking out of the present all-time excessive of round $73,800, primarily based on historic precedent.

“214 days after the halving is generally once we are already breaking a brand new micro-uptrend, as a result of… 214 days after the halving we should always already be heading to new highs… technically we’re over two months away from breaking new all-highs. time highs and actually having fun with that value discovery.”

The pseudonymous analyst says that primarily based on historical past, the bull market peak for this cycle may happen round September 2025.

“If you concentrate on how lengthy it takes for Bitcoin to maneuver to new all-time highs and to that final bull market peak after the halving, it takes 546 days or 518 days… for instance in 2020 and 2021 it took 546 days from halving to bull market peak .

And on this 2016-2017 cycle, that took 518 days after the halving. So it simply reveals us that it takes 518-546 days after the halving for the bull market to peak.”

Bitcoin is buying and selling at $59,984 on the time of writing.

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