Bitcoin

Rekt

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/analyst-foresees-swift-bitcoin-price-upsurge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Foresees Swift Bitcoin Price Upsurge</a><br></p>
<p style="text-align: justify">Bitcoin’s price hit $65,000 on Monday before a decline ensued, leaving investors curious about the next price movement. A prominent analyst has provided insights, hinting at an imminent price surge that has sparked excitement among investors despite the current neutral trend on the charts.</p>
<h2 id="why-bitcoin-s-price-might-increase-soon">Why Bitcoin’s Price Might Increase Soon?</h2>
<p style="text-align: justify">According to Rekt Capital, a well-regarded <a href="https://en.bitcoinhaber.net/market-turbulence-as-bitcoin-and-ethereum-navigate-critical-levels" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto analyst</a>, Bitcoin (BTC) is currently in a reaccumulation phase and might soon enter a parabolic phase. Historical <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a> suggests that Bitcoin could breach its all-time high (ATH) of around $73,800 in the coming weeks.</p>
<p style="text-align: justify">The analyst emphasizes a pattern observed post-halving, where Bitcoin typically starts an uptrend roughly 214 days after the event. This could lead to new highs and an extended period of price discovery.</p>
<h2 id="when-will-bitcoin-hit-its-peak">When Will Bitcoin Hit Its Peak?</h2>
<p style="text-align: justify">Rekt Capital further suggests that the peak of Bitcoin’s price cycle, related to the <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">bull market</a>, might occur around September 2025. The analysis is drawn from historical cycles where it took approximately 518 to 546 days post-halving to reach the bull market’s zenith.</p>
<p style="text-align: justify">For instance, the 2020-2021 bull run saw Bitcoin reach its peak 546 days after the halving, while the 2016-2017 cycle took 518 days. This pattern underlines the consistency in Bitcoin’s price behavior following halving events.</p>
<h2 id="investor-takeaways">Investor Takeaways</h2>
<ul>
 <li>Monitor the 214-day post-halving period for significant uptrends in Bitcoin’s price.</li>
 <li>Expect potential ATH breaches within weeks based on historical data.</li>
 <li>Anticipate the bull market peak around September 2025.</li>
</ul>
<p style="text-align: justify">At present, Bitcoin’s price remains neutral, trading at $59,370 with a minor drop of 0.01% over the last 24 hours. The cryptocurrency’s market cap stands at $1.172 trillion, and trading volume has decreased by 30% to $32.8 billion. Despite positive market news, investor interest appears to be waning, but it could revive with favorable developments.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/analyst-foresees-swift-bitcoin-price-upsurge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Foresees Swift Bitcoin Price Upsurge</a></h5>

Analyst Foresees Swift Bitcoin Price Upsurge

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