A crypto analyst and trader believes that Bitcoin (BTC) is on the cusp of entering the most explosive phase of its market cycle. The analyst pseudonymously known as Rekt Capital tells his 81,900 YouTube subscribers that Bitcoin may be just weeks away from going on a massive months-long rally based on historic precedence. “If history […]
The post Bitcoin Is Approaching ‘Parabolic Phase’ of Market Cycle, According to Crypto Analyst – Here’s His Timeline appeared first on The Daily Hodl.
Widely followed crypto analyst Rekt Capital is suggesting that Bitcoin (BTC) is at a point in its market cycle that has historically preceded massive moves to the upside. The pseudonymous analyst tells his 483,000 followers on the social media platform X that BTC is at a major turning point that has unfolded in previous chapters […]
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A widely followed crypto analyst says that Bitcoin (BTC) could have further upside after rebounding off a major support zone. In a new strategy session, crypto trader Rekt Capital tells his 483,300 followers on the social media platform X that the crypto king could shoot up past $71,000 over the Labor Day weekend. “Bitcoin successfully […]
The post Bitcoin Could See More Upside After Bouncing From Major Support Zone, According to Trader – Here Are His Targets appeared first on The Daily Hodl.
A widely followed crypto analyst says that he’s identified when Bitcoin (BTC) could reach its cycle high if history were to repeat itself. In a new strategy session, crypto trader Rekt Capital tells his 481,200 followers on the social media platform X that the top crypto asset by market cap tends to peak 518-546 days […]
The post Here’s When Bitcoin Could Reach Its Cycle Peak if History Repeats Itself, According to Crypto Analyst appeared first on The Daily Hodl.
A widely followed crypto analyst believes Bitcoin (BTC) may be just days away from an explosive rally based on historic precedence. Pseudonymous crypto trader Rekt Capital tells his 475,500 followers on the social media platform X that Bitcoin could soon enter a phase of the market cycle that in 2020 and 2021 saw massive gains. […]
The post Bitcoin Is on the Cusp of a ‘Historic Breakout,’ According to Crypto Analyst – Here’s What He Means appeared first on The Daily Hodl.
A widely followed crypto analyst says that Bitcoin (BTC) is on the cusp of entering the parabolic phase of the market cycle. In a new strategy session, pseudonymous crypto trader Rekt Capital tells his 474,000 followers on the social media platform X that it appears as if the crypto king is one weekly close away […]
The post Bitcoin on Cusp of Entering Parabolic Phase of the Cycle, Says Crypto Analyst – Here’s the Timeline appeared first on The Daily Hodl.
A closely followed analyst says that altcoins are likely about to spark new rallies while Bitcoin (BTC) decides its next move. Pseudonymous trader Rekt Capital tells his 470,000 followers on the social media platform X that altcoins are at the beginning of the “hype cycle” phase where they find bottoms before making new impulses to […]
The post Crypto Analyst Says It’s Time for Altcoins to Rally, Predicts New Bitcoin Breakout Amid Bullish Technical Setup appeared first on The Daily Hodl.
Despite ongoing speculation about Bitcoin's next potential "deep correction," some cryptocurrency analysts disagree on its likelihood.
Bitcoin’s (BTC) price has cemented its position slightly above its key support level of $65,000, and crypto analysts believe that its price formation is holding strong. Some are even doubting the speculations of a deep correction in the near future.
“Bitcoin is holding up the price so strongly that I don't think there will be a deep correction,” pseudonymous crypto trader Yoddha told his 49,000 X followers on May 18.
Meanwhile, Rekt Capital pointed out that the significant correction event has already happened, with Bitcoin’s price falling by 15% from $66,421 on April 24 to $56,792 on May 2, as per CoinMarketCap data.
A closely followed crypto analyst believes Bitcoin (BTC) is entering into a bullish reversal phase after a post-halving correction. The pseudonymous analyst known as Rekt Capital tells his 466,400 followers on the social media platform X that Bitcoin seems to be following a 2016 cycle pattern when Bitcoin dipped after the halving event – during […]
The post Bitcoin Has Officially Left the ‘Danger Zone’ As BTC Starts Week in the Green, According to Crypto Analyst appeared first on The Daily Hodl.
Bitcoin's price chart is resembling that of just weeks after the 2016 halving as it hovers around a local bottom, according to crypto traders.
Bitcoin (BTC) is replicating the same path as it did after the 2016 Bitcoin halving event, with one indicator signaling it may be nearing its local bottom and another indicating it reaching $350,000 during "the peak" of this cycle, according to crypto traders.
“Bitcoin has repeated 2016 history perfectly, offering a downside wick below the bottom of its current re-accumulation range within a three-week window after the Halving,” pseudonymous crypto trader Rekt Capital declared in a May 11 post on X.
Rekt indicates that the re-accumulation range at this point of the cycle is any price below $61,081— which Bitcoin is currently trading below that at $60,901, according to CoinMarketCap data.
