A crypto strategist who precisely timed the latest Bitcoin correction is unveiling the timeline for the subsequent BTC parabolic transfer.
Pseudonymous analyst Rekt Capital tells his 470,400 followers on the social media platform X that Bitcoin has entered the post-halving reaccumulation section and could also be months away from witnessing one other steep upside transfer primarily based on historic information.
“In 2020, Bitcoin carried out a -19% retrace across the Halving.
After which consolidated for 160 days after the Halving earlier than breaking out into the Parabolic Part of the cycle (inexperienced).
In 2024, Bitcoin retraced nearly -24% across the Halving.
And if historical past repeats, value might consolidate for as much as 160 days earlier than breaking out into the Parabolic Part of the cycle (inexperienced).”
Bitcoin’s day by day chart, the analyst highlights that BTC seems to have damaged out of a bullish continuation sample after retesting resistance at $66,000 as assist.
“Development continuation secured. Bitcoin Bull Flag breakout confirmed.”
Zooming out, Rekt shares a chart suggesting that the Bitcoin bull market nonetheless has an extended solution to go.
“We’re right here (inexperienced circle).”
At time of writing, Bitcoin is buying and selling at $71,148, up 7.50% within the final 24 hours.
As for different crypto belongings, Rekt says that recent altcoin rallies are on the horizon.
“Welcome to the Q2 Altcoin Hype Cycle. Issues are solely simply getting began.”
Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox
Examine Worth Motion
Comply with us on X, Fb and Telegram
Surf The Day by day Hodl Combine
 
Disclaimer: Opinions expressed at The Day by day Hodl usually are not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any losses it’s possible you’ll incur are your duty. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please notice that The Day by day Hodl participates in affiliate internet marketing.
Generated Picture: DALLE3
