Analyst Rekt Capital: Bitcoin’s breakthrough is imminent.
Rekt Capital, a well-known analyst in the cryptocurrency market, recently expressed his opinion that Bitcoin may be at an important turning point. He reviewed historical data and pointed out that in the past two halving cycles, Bitcoin achieved significant breakthroughs from the accumulation range within 154 to 161 days after the halving. In view of the fact that approximately 157 days have passed since the current round of Bitcoin halving, Rekt Capital emphasized that the current point is within this historical breakthrough window, indicating that the "Bitcoin breakthrough moment" may be quietly approaching.
He further analyzed that although history will not be completely replicated, if this cyclical law is fulfilled again, Bitcoin is expected to successfully break through its current accumulation range in the next few days, that is, this week, and start a new rising cycle. . In addition, Rekt Capital also compared the performance of Bitcoin in different months, pointing out that although September is not traditionally a strong month for Bitcoin, September within this cycle has shown strong upward momentum, with returns far exceeding the historical level of the same period.
Rekt Capital is looking forward to the fourth quarter, believing that this is usually a period when Bitcoin performs better. He specifically pointed out that Bitcoin has achieved positive returns in many Octobers in the past, and in bull market years such as 2017 and 2021, the gains in October were even more amazing. Currently, Bitcoin is only one step away from its previous high of $73,738, and the market generally believes that once it breaks through this key resistance level, Bitcoin will start a new round of price discovery.
However, despite the positive outlook, market volatility is always present. Bitcoin prices have fallen slightly over the past 24 hours as of the latest data, but analysts nonetheless generally remain cautiously optimistic that Bitcoin's long-term growth potential remains huge.
