Rally

Bitcoin

Rekt

Status

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-prepares-for-a-major-uptrend-move/" data-wpel-link="internal">Bitcoin Prepares for a Major Uptrend Move</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/rusya-ve-iran-dugmeye-basti-altin-ile-birebir-desteklenen-kripto-para-geliyor" data-wpel-link="internal">Cryptocurrency</a> analyst <strong>Rekt Capital</strong> shared his latest observations on his YouTube channel, suggesting that <a href="https://en.coin-turk.com/is-it-time-will-cryptocurrencies-fulfill-their-mission/" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/planb-bitcoin-ve-kripto-burada-dibi-gordu-ve-hedefime-gidiyor-tarih-verdi" data-wpel-link="internal">BTC</a>) is currently in a consolidation stage and ready for a significant upward move. Rekt Capital emphasized that Bitcoin won’t stay at its current price levels for long as he expects the largest <strong>cryptocurrency</strong> to rise to its all-time high levels soon based on historical trends.</p> 
<h2 style="text-align: justify" id="strong-bitcoin-gears-up-for-parabolic-rally-strong"><strong>Bitcoin Gears Up for Parabolic Rally</strong></h2> 
<p style="text-align: justify">According to Rekt Capital, the re-accumulation range around $70,000 is just noise, indicating preparation for a larger upward movement. The longer Bitcoin consolidates at these levels, the more opportunity there is to buy before the expected parabolic rise, the analyst suggests.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-335285" src="https://coin-turk.com/wp-content/uploads/2024/03/Bitcoin-Ralli.jpeg" alt="" width="2264" height="1476"></p> 
<p style="text-align: justify">Historically, Bitcoin’s parabolic rallies tend to occur several weeks or even months after block reward halvings. Rekt Capital notes that with the launch of spot Bitcoin exchange-traded funds (ETFs) in the US in January, this cycle has begun, and the parabolic rally could start earlier than usual because the largest cryptocurrency has reached its all-time high levels sooner in this cycle compared to historical price patterns.</p> 
<p style="text-align: justify">The analyst predicts that when Bitcoin surpasses its all-time high, it will enter a price discovery phase, which could trigger a parabolic rally. This rally could significantly shorten the pre-halving consolidation and re-accumulation phases, ultimately propelling Bitcoin to new record levels. Rekt Capital attributes this accelerated timeline to the impact of US spot ETFs on Bitcoin’s price action.</p> 
<h2 style="text-align: justify" id="strong-current-bitcoin-status-strong"><strong>Current Bitcoin Status</strong></h2> 
<p style="text-align: justify">At the time of writing, Bitcoin has seen a slight increase of 0.36% in the last 24 hours, trading around $70,000. Despite this short-term fluctuation, Rekt Capital’s analysis points to a high potential for the largest cryptocurrency to continue its upward trajectory due to the ongoing consolidation phase soon turning into a parabolic rally.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-prepares-for-a-major-uptrend-move/" data-wpel-link="internal">Bitcoin Prepares for a Major Uptrend Move</a></h5>

Bitcoin Prepares for a Major Uptrend Move

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