Bitcoin 
$65,645 Analyst Rekt Capital pointed out in his latest market assessment that BTC may enter an explosive price phase. According to the analyst’s statements, there is a high probability that Bitcoin will reach new record levels if it breaks the upper limit of its trading range in a few weeks.
Latest Market Movements and Important Levels
Rekt Capital stated that Bitcoin has frequently tested the $60,000 level in recent weeks. The analyst believes that if the price surpasses here, it could start a journey towards top levels around $71,000. He also stated that the lower highs in the market continue and when this trend is broken, BTC will return to new resistance levels.
Halving and Cycle Peak Predictions
Bitcoin’s halving event, which will take place in April 2024, is on the analyst’s radar. Looking at past cycles, Rekt Capital estimates that Bitcoin could reach its cycle peak around March 2025, approximately 330 days after the halving. He emphasized that after possible new record levels, holding digital assets may be riskier.
Strategic Starting Points
Rekt Capital also shared its predictions regarding its investment strategy. The analyst recommended reviewing positions approximately 250 days after Bitcoin broke its previous high. He also stated that he plans to exit the position 330 days after the halving at the latest. However, he also warned that the market may go through an 80-day risky period during this period.
“Exiting before 250 days may be a hasty decision,” said the analyst, emphasizing the importance of investors planning carefully.
At the time of writing, Bitcoin is trading at $65,906 and has gained 5.41% in the last 24 hours. According to the analyst, Bitcoin is now leaving a long accumulation process behind and is preparing to step into the parabolic rise phase.
Market Dynamics and Expectations
Rekt Capital’s analyzes were created in light of current market trends and previous cycle data. The Bitcoin market has a structure that needs to be followed carefully in terms of both technical indicators and market sentiment. It should also be noted that future price movements may cause investors to review their strategies.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
