Shift

Parabolic

Bitcoin

Rekt

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-eyes-major-market-shift" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Eyes Major Market Shift</a><br></p>
<p style="text-align: justify">Renowned <a href="https://en.bitcoinhaber.net/cryptocurrency-halving-impact-on-bnb-sol-and-xrp-prices" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto analyst</a> and trader Rekt Capital has forecasted an imminent “historic breakout” for Bitcoin (BTC). The expert predicts the leading cryptocurrency will embark on a parabolic rally phase by October at the latest.</p>
<h2 id="when-will-bitcoin-enter-a-parabolic-phase">When Will Bitcoin Enter a Parabolic Phase?</h2>
<p style="text-align: justify">In his latest market update to YouTube subscribers, Rekt Capital explained that Bitcoin is on the verge of entering a parabolic stage in its market cycle. This prediction is grounded in historical market patterns.</p>
<p style="text-align: justify">The analyst identified that the anticipated significant breakout will occur once Bitcoin concludes its consolidation phase. Citing historical <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a>, Rekt Capital noted that such a breakout typically follows around 160 days after the block reward halving. With 126 days having passed since the last halving, the analyst suggests a high probability of a breakout in a little over a month.</p>
<h2 id="what-is-the-60-000-threshold-significance">What Is the $60,000 Threshold Significance?</h2>
<p style="text-align: justify">Rekt Capital pointed out the high likelihood of Bitcoin breaking out of its current trading range within the next month. He emphasized that the largest cryptocurrency could exit this range soon, urging <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> to be vigilant about potential declines. “It is very important not to underestimate these declines because we might be exhausting these downward deviations,” he warned.</p>
<p style="text-align: justify">According to Rekt Capital, Bitcoin is expected to reclaim the $60,000 level as support on the weekly chart before entering the parabolic rally. He remarked, “We are very close, very close to a potential breakout. We only have this short period left, and this tells us that we will enter the parabolic phase of this cycle within a month or a little more.”</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<p style="text-align: justify">Here are some actionable insights for investors based on Rekt Capital’s analysis:</p>
<ul style="text-align: justify">
 <li>Monitor the 160-day post-halving period closely for signs of a breakout.</li>
 <li>Be cautious of short-term declines, as they may precede a significant upward move.</li>
 <li>Watch for Bitcoin reclaiming the $60,000 level, which could signal the start of a parabolic rally.</li>
 <li>Consider the historical patterns that suggest imminent market shifts.</li>
</ul>
<p style="text-align: justify">These insights provide concrete strategies for navigating the potential upcoming market changes.</p>
<p style="text-align: justify">In conclusion, Rekt Capital remains optimistic about Bitcoin’s near-term performance, forecasting a historic breakout that aligns with past market cycles. Investors are encouraged to stay alert to the key indicators highlighted.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-eyes-major-market-shift" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Eyes Major Market Shift</a></h5>

Bitcoin Eyes Major Market Shift

Table of Contents

BH NEWS

Other articles published on Aug 22, 2024

Fantom Price Prediction: How High Can the Fantom (FTM) Price Go?

Elon Musk, DogeDesigner criticize traditional media amid X’s ad struggles

Analyst Predicts Significant XRP Price Increase After Bitcoin Halving

Ethereum’s 2016 Trend Resurfaces: Could ETH Prices Further Dip?

Pepe the Wizard Solana Memecoin to Skyrocket Over 19,000% Before Exchange Listing, While DOGE and...

Michael Saylor Issues Surprising Bitcoin Message as BTC Surpasses $61,000

Join our free newsletter for daily crypto updates!