Bitcoin’s breakout from the re-accumulation phase signals the start of its parabolic growth cycle, historically lasting a year.
Institutional interest in Bitcoin surges as exchange balances shrink, indicating strong investor confidence and reduced selling pressure.
Analysts predict Bitcoin could peak at $84K by December 2024, driven by historical post-halving trends and robust market dynamics.
According to an analysis by Rekt Capital, Bitcoin (BTC) has entered the final phase of its halving cycle. Bitcoin recently broke out of its re-accumulation range, signaling an imminent transition into a parabolic uptrend. Historically, this phase has driven Bitcoin’s most significant price gains, typically lasting over a year.
#BTC
1 Final Phase of The Bitcoin Halving Cycle
Bitcoin has finally broken out from its ReAccumulation Range (red)
As a result, Bitcoin is now on the cusp of transitioning into the Parabolic Phase of the cycle (green)
It is during this phase that Bitcoin experiences… https://t.co/whR8vhuicz pic.twitter.com/j16FWXCq0f
— Rekt Capital (@rektcapital) November 9, 2024
Bitcoin Halving and Market Phases
Rekt Capital outlines three distinct phas…
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