Rally

Strong

Bitcoin

Rekt

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-bitcoins-strong-rally-in-october/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Bitcoin’s Strong Rally in October</a><br></p>
<p style="text-align: justify">Crypto analyst Rekt Capital, known for accurately predicting Bitcoin’s downturn earlier this year, believes that Bitcoin could enter a bullish trend in the coming weeks. In a statement to his 87,600 subscribers on YouTube, Rekt Capital highlighted Bitcoin’s potential for a climb in October based on its performance during previous halving years. Earlier this year, Bitcoin experienced a halving event, which reduced miner rewards by half.</p>
<h2 id="past-halving-years-and-october-performance">Past Halving Years and October Performance</h2>
<p style="text-align: justify">Based on historical data, Rekt Capital pointed out that Bitcoin usually performs strongly in October, and a similar trend could be observed this year. The analyst forecasts that Bitcoin may showcase a double-digit increase in October. By recalling increases of 14% and 27% in the halving years of 2016 and 2020, respectively, he suggested that Bitcoin could reach new heights this year as well.</p>
<h2 id="rally-trends-and-potential-gains">Rally Trends and Potential Gains</h2>
<p style="text-align: justify">According to Rekt Capital, Bitcoin may enter a more pronounced rally phase in the upcoming weeks. Historical data indicates that approximately 160 days after a halving event, Bitcoin tends to break free from accumulation ranges. In this context, late September and early October could be a critical period for Bitcoin to transition into a parabolic phase.</p>
<p style="text-align: justify">Currently, Bitcoin is trading at $60,592, having risen by 4.49% in the last 24 hours. This situation may indicate that Bitcoin has started its anticipated post-halving rally.</p>
<p style="text-align: justify">Based on the analyst’s estimates, Bitcoin could experience a value increase ranging from 14% to 27% in October. Such potential increases imply that Bitcoin could reach all-time highs. However, these forecasts do not guarantee certainty as they are based on historical data.</p>
<p style="text-align: justify">Bitcoin’s future performance should be carefully monitored, as it can be influenced by various factors. Rekt Capital’s evaluations may provide insights into Bitcoin’s short-term movements for investors. Nonetheless, considering the volatile nature of <a href="https://en.coin-turk.com/crypto-venture-capitalist-vance-spencers-bold-predictions-for-the-next-24-months/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> markets, it is essential to conduct a thorough analysis when making investment decisions.</p>
<p>The post <a href="https://en.coin-turk.com/analyst-predicts-bitcoins-strong-rally-in-october/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Bitcoin’s Strong Rally in October</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Analyst Predicts Bitcoin’s Strong Rally in October

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