After reaching $65,000 on Monday, the Bitcoin price was seen to be falling again, while an analyst made statements about when the price increase might begin. Despite the bearish outlook, the graphs reflected that the movement in the Bitcoin price was neutral, and the analyst’s comment that there would be an increase created excitement among investors.
Bitcoin Bullish Expectation
One of the well-known figures in the market, who is a cryptocurrency analyst and investor Bitcoin’s He stated that the (BTC) rise may be closer than expected. Rekt Capital He explained to his followers that Bitcoin was in a reaccumulation phase, while also noting that it was “really close to entering the parabolic phase of the cycle.” A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Bitcoin could be closer to breaking above its current ATH of around $73,800 than previously thought, according to Rekt Capital, and that process could be just weeks away.
214 days after the halving we typically enter a new micro uptrend because… 214 days after the halving we should already be heading towards new highs… technically we are over two months away from hitting new all-time highs and enjoying that price discovery.
Rekt Capital notes that, considering historical data, the bullish peak for the BTC price cycle could occur around September 2025.
If you think about how long it took for Bitcoin to reach all-time highs and the ultimate bull market peak after the halving, it would take 546 days or 518 days… For example, in 2020 and 2021, it took 546 days to reach the bull market peak after the halving. And in the 2016-2017 cycle, it took 518 days after the halving. So that tells us that it took 518-546 days after the halving for the bull market to reach its peak.
How Many Dollars is Bitcoin?
As of writing time, Bitcoin appears to have a completely neutral structure. BTC The price is finding buyers at $59,370 after a 0.01% decrease in the last 24 hours. While BTC’s market volume is at $1.172 trillion, its transaction volume decreased by 30% today and is at $32.8 billion.
This situation experienced in Bitcoin shows that investor interest is gradually decreasing despite the positive news coming from the market. In the following days, investor interest may increase again depending on the news flow.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
