A widely followed crypto analyst thinks that the Bitcoin Haussier market (BTC) is a few weeks old to end.
The analyst known in a pseudonym manner under the name of Rekt Capital indicates to his 550,400 subscribers on the X social media platform that the Haussier Bitcoin market could end in two or three months if history is repeated.
According to the pseudonym analyst, the bitcoin bull market generally reaches the peak around 518 to 546 days after the reduction in half, which could occur between mid-September and mid-October. The fourth bitcoin in half took place in April 2024.
On what is in store for the Bitcoin price in the coming weeks and months, says the widely followed analyst,
“If Bitcoin he really has two to three months left on his upper market …
Then, this current period is really calm before the storm. »»
Bitcoin is traded at $ 109,386 at the time of the editorial staff.
Rekt Capital also says that even if the Haussier market extends beyond October, trying to capture potential gains would be a high-risk and low reward company.
“The risk and the reward of this increase will probably not deserve a strong participation.
Is it worth capturing an increase of +20 to 30% increase while risking a -60 to -70% bear market? »»
On Altcoins, the widely followed analyst says that they could enjoy a rally once Bitcoin exceeds the highest of all current time of just under $ 112,000.
“When Bitcoin broke out in the discovery of upward price 1 in November 2024 …
Altcoins rallied exponentially during this period.
Altcoins would probably work once Bitcoin would burst into an upward trend in price discovery 2. ”
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