Cryptocurrency

Bitcoin

Rekt

Rise

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/analyst-predicts-bitcoin-will-rise-soon" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Bitcoin Will Rise Soon</a><br></p>
<p style="text-align: justify">Cryptocurrency expert Rekt Capital anticipates an upward trajectory for <a href="https://en.bitcoinhaber.net/bitcoin-sees-unexpected-price-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> in the months following September. The analyst suggests the last quarter of the year could prove beneficial for Bitcoin, based on historical patterns that show strong performances in October, November, and December.</p>
<h2 id="how-does-october-typically-fare">How Does October Typically Fare?</h2>
<p style="text-align: justify">Historically, October has been a positive month for Bitcoin, with average gains reaching 22.9%. Only two years, 2014 and 2018, ended negatively for the cryptocurrency, amid broader market downturns. Rekt Capital highlights that these trends are significant when assessing potential <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">future</a> gains.</p>
<h2 id="what-can-we-learn-from-halving-cycles">What Can We Learn from Halving Cycles?</h2>
<p style="text-align: justify">A closer look at past halving events reveals that Bitcoin’s peak usually occurs between 518 and 546 days post-halving. If the pattern holds, the next peak could be expected around September or October 2025. This timeline implies that Bitcoin might start reaching new highs during the second half after the next halving event.</p>
<h2 id="key-insights-and-considerations">Key Insights and Considerations</h2>
<p style="text-align: justify">From the analysis, several key points emerge:</p>
<ul>
 <li>Bitcoin tends to decline by about 5% in September historically.</li>
 <li>Despite potential September losses, the outlook improves subsequently.</li>
 <li>Historical cycles suggest promising opportunities for future profits.</li>
 <li>Investors are advised to perform personal due diligence and assess risks.</li>
</ul>
<p style="text-align: justify">Ultimately, Rekt Capital advises that while historical data offers guidance, <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> need to independently verify information and remain mindful of inherent risks. Decision-making should be based on individual analysis and responsibility, taking into account both potential returns and associated uncertainties.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/analyst-predicts-bitcoin-will-rise-soon" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Bitcoin Will Rise Soon</a></h5>

Analyst Predicts Bitcoin Will Rise Soon

Table of Contents

BH NEWS

Other articles published on Sep 12, 2024

Bitcoin Surges Almost 3% As US Inflation Data Signals Soft Landing, Boosting Rate Cut Bets

Cardano Bull Cycle: Analyst Outlines 5 Stages to All-Time High

Changpeng Zhao Permanently Barred from Binance Management But Retains Power: Binance CEO

Top 4 Altcoins for Ethereum Investors in 2024

Solana’s Next Breakout: Can It Lead the 2024 Market?

DIA’s ‘Lumina’ Reimagines Oracles with a Rollup-based, Trustless Design

Join our free newsletter for daily crypto updates!