Candle

Bull Market

Bitcoin

Rekt

<p>In the video “Three Reasons Why Bitcoin Is In A Confirmed Bull Market” by Rekt Capital, the top analyst provides an in-depth look at Bitcoin’s market cycles. By comparing today’s trends with historical data, Rekt Capital makes a convincing argument that Bitcoin is entering a new bull market. The analysis focuses on key details in Bitcoin’s price action over time to support the claim of an impending phase of prolonged growth. Breaking down market indicators and predictive models, the video lays out a clear case for Bitcoin’s transition into a bullish trajectory.</p>
<h2 class="wp-block-heading" id="break-of-macro-downtrend">Break of Macro Downtrend</h2>
<p>As explained by Rekt Capital in their video analysis, Bitcoin has broken its macro downtrend that has weighed down on price during previous bear markets. Historically, once this downtrend is broken, Bitcoin enters a new macro uptrend leading to new all-time highs. As Rekt Capital stated: <em>“Every single bear market, we tend to see a macro downtrend weigh down on price… and then finally when this macro downtrend is broken, we enter into a new macro uptrend.”</em></p>
<h2 class="wp-block-heading" id="the-halving-event">The Halving Event</h2>
<p>The upcoming Bitcoin halving event has preceded bull markets in the past. As Rekt Capital discussed, the market tends to start its bull run before the halving and continues to see parabolic growth afterwards. In their words: <em>“We tend to see bull markets really turn parabolic 58 days after the halving to around 546 days after the halving… the closer we get to the halving, the uptrend is very much confirmed.”</em></p>
<figure class="wp-block-embed is-type-rich is-provider-embed-handler wp-block-embed-embed-handler wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"><iframe loading="lazy" title="Three Reasons Why Bitcoin Is In A Confirmed Bull Market" width="840" height="473" src="https://www.youtube.com/embed/YX-XGu3lfW4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
 </div>
 <figcaption class="wp-element-caption">
  Three Reasons Why Bitcoin Is In A Confirmed Bull Market
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="the-four-year-cycle">The Four-Year Cycle</h2>
<p>Bitcoin follows a four-year cycle that suggests we are currently in the trend reversal phase leading into a new bull market peak. Rekt Capital explained: <em>“Candle 4 is going to be really exciting in 2024, which is also the year of the halving… we’re currently in Candle 3, which is the bottoming out candle, and this candle 3 tends to precede fantastic upside.”</em></p>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/dot-expert-explains-why-you-need-to-buy-polkadot-before-its-too-late/" target="_blank" rel="noopener noreferrer nofollow">DOT Expert Explains Why You Need to ‘Buy Polkadot Before It’s Too Late’</a></li>
 <li><a href="https://captainaltcoin.com/ethereum-whale-makes-another-big-buy-amidst-price-rally/" target="_blank" rel="noopener noreferrer nofollow">Ethereum Whale Makes Another Big Buy Amidst Price Rally</a></li>
 <li><a href="https://captainaltcoin.com/xrp-price-stuck-under-0-60-will-xrp-trx-or-roe-reach-1-first/" target="_blank" rel="noopener noreferrer nofollow">XRP price stuck under $0.60. Will </a><a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a>, TRX, or $ROE Reach $1 First?</li>
</ul>
<p>The analysis indicates significant potential growth for Bitcoin in 2024-2025, driven by the confluence of the halving and the four-year cycle. As Rekt Capital concluded: <em>“Candle 4 is really going to be a fantastic year for Bitcoin… and not just 2024, it’s also going to be Candle One, the 2025 year, where we’re going to see parabolic price action as well.”</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/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" 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-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </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/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/three-reasons-why-bitcoin-btc-is-already-in-a-confirmed-bull-market/" rel="noopener noreferrer nofollow">Three Reasons Why Bitcoin (BTC) Is Already In A Confirmed Bull Market</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Three Reasons Why Bitcoin (BTC) Is Already In A Confirmed Bull Market

Table of Contents

CaptainAltcoin

Autres articles publiés le 5 nov. 2023

Top Web3 Gaming Picks for November 2023.

AI-Infused E-Wearables Could Become a Game-Changer for Mental Healthcare

PayPal Granted FCA License for UK Crypto Services, With Certain Restrictions

The UK regulatory authority has released guidelines for the cryptocurrency marketing framework.

Highest Crypto Gainers of the Week; CAKE, EGLD, IMX Price Analysis

XRP Price Prediction: Is a $10 XRP Inevitable? Myth or Upcoming Reality?

Join our free newsletter for daily crypto updates!