Cryptocurrency analyst and trader Rekt Capital, Bitcoin 
$67,169He stated that (BTC) is imminent for an explosive rise in the market cycle. In the update he shared with his followers on YouTube, the analyst stated that Bitcoin followed a similar path to previous bull markets.
A New Phase in the Market Cycle
Rekt Capital stated that Bitcoin’s price is about to enter a parabolic rise phase after long periods of consolidation following the halving process. Trader emphasized that such cycles occurred similarly in previous years.
The analyst said that Bitcoin entered a parabolic rise period approximately 160 days after the halving event and that this process also occurred in 2020. Stating that we are currently in the period over 180 days after the halving, Rekt Capital added that this rising phase is not easy.
“It takes time for the price to fundamentally move into the next phase of the cycle, which usually means parabolic price movement to the upside.” – Rekt Capital
The analyst suggested that once Bitcoin enters the parabolic phase, it may continue to rise without significant corrections for several months. This process can be continued until the peak of the market cycle is reached.
Previous Crypto Cycles
Citing the price movements in 2017, 2020 and 2021 as examples, Rekt Capital stated that during these periods, Bitcoin rose without finding an opportunity at the bottom and then experienced a deeper retreat. He stated that the current consolidation period is similarly about to end.
“This is really the best time to accumulate again before we move into the parabolic phase of the cycle.” – Rekt Capital
Bitcoin is currently trading at $67,808 and is up over 2% in the last 24 hours.
Current Status of Bitcoin
The latest increase in Bitcoin’s price supports the analyst’s predictions. Investors think that the transition to the parabolic phase is approaching and they should review their strategies during this period.
Analysts’ predictions provide important data for investors who want to understand changes in Bitcoin’s market dynamics. The expectation that a parabolic rise is approaching can be an eye-catching sign for those who want to follow market movements closely.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
