Bitcoin $102,381.3The crypto currency analyst Rekt Capital, indicating that the price is in the price of discovery, stressed that a parabolalic rise is close based on historical data. Bitcoin reached 14th week in the current market cycle. When the past cycles are examined, this period is the trigger of the rise. The analyst invites investors to be patient.
Bitcoin’s 14th week and rise signals
Crypto Money Strategist Rekt Capital said Bitcoin is in the price discovery stage and reached the 14th week. Looking at the 2017 cycle, Bitcoin seems to have gathered at this stage and made new summits in the 16th week. Analyst says that a similar scenario can be repeated.
Bitcoin’s current market data is similar to previous loops. Especially 14-15. It was observed that the patients who were patient in the weeks were rewarded. According to historical data, a strong rise seems possible from the 16th week onwards. In this process, investors who adopt the HODL strategy may be profitable in the long run.
Analyst states that Bitcoin is moving in the bull market and the paraboolic phase lasted about 300 days. Currently, this phase is completed on the 82nd day. If the past loops are repeated, Bitcoin can be expected to create new summits in the coming weeks. These data reveal the necessity of care and strategic action for investors.
Critical Warnings for Investors
Rect Capital says Bitcoin is approaching a critical threshold in the price discovery process. Analyst, 14-15. He emphasizes that weeks require patience. In this period, investors who hold their assets seem to be profitable. Bitcoin historically shows a strong rise after this stage.
It is foreseen that the second price discovery phase may begin from the 16th week. The analyst states that investors should follow the market closely in order not to miss the rise. It should be remembered that the volatility may increase as the last stage of the bull market is approached.
Bitcoin’s current price level was recorded as $ 101,163. Investors are advised to act carefully and consciously. Although the crypto money market has risks, historical data strengthens the likelihood of rise.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
