Suche
Bitcoin on record? Analyst warns of a muted increase!
Crypto analyst Rekt Capital expects a possible parabolic rise in Bitcoin as the bull cycle ends.
Bitcoin on record? Analyst warns of a muted increase!
Bitcoin is on the cusp of a potentially parabolic rise as the market moves into the final phase of a bull market, according to crypto analyst Rekt Capital. The well-known trader, who has over 115,000 subscribers on YouTube, explains that Bitcoin (BTC) is poised for a promising but potentially muted price move. These changes are influenced by various factors such as current data, market maturity and diminishing returns. Bitcoin is currently trading at around $116,132, underlining the high expectations in the coming weeks.
Rekt Capital highlights the similarities to the bull markets of 2017 and 2021. In the event of a possible repeat of the events of 2017, the peak could already be reached now. In contrast, with a development similar to that of 2021, the peak could occur in mid-October. Additionally, it is noted that future halvings could lengthen market cycles and potentially delay price increases. Under these circumstances, the peak could be postponed until mid-November.
Market analysis and future outlook
Rekt Capital's predictions come into a broad context that shows Bitcoin continues to show high levels of interest and activity. Despite the possibility of a muted parabolic rise, expectations that Bitcoin could reach new all-time highs remain. These predictions could not only fuel investor passion, but also play a key role in influencing future market moves.
The growing number of investors and increasing interest in Bitcoin indicate that the market is ready for the next big step, even if uncertainties remain constant. The coming weeks will be crucial to observe whether the historical patterns actually repeat themselves and how they will influence price movements in the Bitcoin market.
Given the fresh analysis and market conditions, Bitcoin could soon be entering a pivotal phase that will influence the direction of the entire crypto market. Analysts are eagerly waiting to see what developments will emerge in the near future.