Elite

Bitcoin

Rekt

<p>Crypto expert Rekt Capital thinks Bitcoin is about to enter a ‘parabolic phase’. But the expert warns investors need to wait for the reaccumulation to be over before that happens.</p>
<p>In his latest newsletter, the expert gave a detailed explanation of Bitcoin’s current market situation and where it’s going soon.</p>
<h2 class="wp-block-heading" id="reaccumulation-range-understanding-the-market">Reaccumulation Range: Understanding the Market</h2>
<p><a href="https://newsletter.rektcapital.co/email/fe0d19f2-0872-419b-8f3d-cd4dd7f79aaa/?ref=rekt-capital-newsletter" target="_blank" rel="noopener noreferrer nofollow">Based on the analyst</a>, Bitcoin entered a reaccumulation range after halving. This has made its price hover majorly between $60,000 and $71,500.</p>
<p>The expert notes that Bitcoin has been going through a “sinusoidal consolidation”&nbsp; within this range for a while, bouncing between the lower and upper limits.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-993-1024x723.png" alt="" class="wp-image-532087" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-993-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-993-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-993-768x542.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-993-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-993-2048x1446.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-993-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-993-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-993-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-993-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-993.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>A crucial aspect of Bitcoin’s current market position is its consistent support at the previous all-time high resistance area. Rekt Capital points out that this level has been successfully retested as support for the past five months, demonstrating its significance as a price floor.</p>
<h2 class="wp-block-heading" id="signs-of-trend-shift">Signs of Trend Shift</h2>
<p>The analyst identifies several key indicators suggesting a potential shift in Bitcoin’s trend:</p>
<ol class="wp-block-list">
 <li>Formation of a new higher low against the support area</li>
 <li>Bitcoin challenging for a new higher high</li>
 <li>Potential invalidation of the series of lower highs since the local top earlier this year</li>
</ol>
<p>Rekt Capital argues that these elements are “ingredients for a shifting in the trend” and could precede major changes in <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s price action.</a></p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Next Big Airdrop?
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>Notcoin airdrop on Telegram made millions to people. Don’t miss out on the <strong><a href="https://t.me/dogshouse_bot/join?startapp=lPBZdx-GSwePJnSgqNglpA" target="_blank" rel="noopener noreferrer nofollow">next TG airdrop</a></strong> by the same team – Dogs on Ton!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/heres-why-the-crypto-market-is-down-today-as-mt-gox-moves-billions-in-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Here’s Why the Crypto Market is Down Today as Mt. Gox Moves $Billions in Bitcoin</a></em></strong></p>
<h2 class="wp-block-heading" id="patience-is-key-reaccumulation-precedes-parabolic-growth">Patience is Key: Reaccumulation Precedes Parabolic Growth</h2>
<p>While the outlook appears bullish, Rekt Capital cautions investors against premature excitement. He emphasizes that Bitcoin is currently in the reaccumulation phase, which must play out before the anticipated parabolic phase can begin.</p>
<p>The analyst also advises investors to not give up during the ongoing consolidation. He is confident that such patience will be rewarded when the market eventually starts to experience an explosive rally.&nbsp;</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/bitcoin-will-enter-parabolic-phase-soon-predicts-elite-crypto-analyst-but/" rel="noopener noreferrer nofollow">Bitcoin Will Enter ‘Parabolic Phase’ Soon, Predicts Elite Crypto Analyst, But…</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin Will Enter ‘Parabolic Phase’ Soon, Predicts Elite Crypto Analyst, But…

Tabla de contenidos

CaptainAltcoin

Otros artículos publicados el 23 jul 2024

Why MoonBag's Community Rewards Blow Fasttoken’s Speed Out of the Water?

You'll Be RICH By the End of the U.S. Elections! Top 5 Altcoins to Buy NOW

Ethereum ETFs Debut with Record $1 Billion Trading Volume

Ethereum ETFs Trading Volume After 15 Minutes Of Trading:

Indian finance minister ignores crypto industry’s budget tax plea

Mt. Gox creditors report Bitcoin balances on Kraken

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!