Critical comment from famous analyst: “Bitcoin is starting to move!”

Rekt Capital, which is famous for its cryptocurrency analysis, attracted attention with its Bitcoin (BTC) comment.

According to Rekt Capital, if historical cycle patterns repeat, cryptocurrencies, especially Bitcoin, may explode. In a post he made on X on September 24, the famous analyst touched on Bitcoin's price structure after halving in past cycles. This process, which corresponds to 154 to 161 days, usually results in an upward explosion. Rekt Capital expressed his thoughts as follows:
“The $BTC halving in this cycle occurred 157 days ago, on April 20, meaning we are in a critical time period. It is time for Bitcoin to break.”

BTC broke 154 days later in the 2016 halving, and 161 days later in the 2020 halving. The analyst noted that history does not always repeat itself, but if it does this cycle, it could happen: “Bitcoin should break out of the accumulator zone in the next few days.”

Rekt Capital also compared seasonal price action, noting that September was generally bearish for Bitcoin, while the fourth quarter was generally bullish.

It has gained about 9% so far this month, its second-best performance since September 2016, when it gained 6%. Furthermore, nine of the last eleven Octobers have seen positive price action for Bitcoin, with larger gains of 48% and 40%, respectively, seen in bull market months such as October 2017 and 2021.

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It's too early to rejoice: BTC must exceed this level!

Bitfinex analysts argued that the Bitcoin (BTC) price should rise above $65,200, the highest level of August.

Rally sounds are rising in the crypto market, which has been on the rise with the interest rate cut of the US Fed. Crypto commentators claim that the BTC price will continue to rise.
Drawing attention to the fact that investors are acting out of fear of missing out on the increases, Bitfinex analysts warned about potential price volatility.

Analysts argued that the outlook is still in the direction of a bear market and that the $65,200 level must be exceeded for the cycle to change.

Bitfinex analysts stated that the buying pressure in the crypto market has weakened and that this situation indicates short-term consolidation.

BTC has increased by 16 percent since the beginning of September. The change in price did not satisfy Bitfinex analysts. According to analysts, the increases are not enough to rejoice.
Underlining the $65,200 level, analysts said: “The BTC price is about to touch the $65,200 peak on August 25. The reason why this level is important is that BTC has not managed to break a single high since reaching its all-time high. This data fits the technical definition of a downtrend.”

As can be seen in the chart, the price of $BTC is falling along with lower highs. Analysts predict that the downtrend in question will end when the last peak of $65,200 is broken.

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Striking analysis: Altcoin season depends on these conditions!

The analysis, which stated that Bitcoin dominance has touched a significant resistance point, reported that altcoins are preparing for a strong bull season.

The crypto market has increased by 20.33 percent since Friday, September 6, reaching $ 2.182 trillion. Bitcoin (BTC) constituted the majority of the $ 368 billion increase in the market.
It was seen that BTC, which rose to the level of $ 64,000, also gained strength in market dominance. According to metrics, BTC dominance increased to 58.59 percent on September 18. Crypto analysis platform AMBCrypto stated that the metric in question indicates a potential resistance point.

Crypto analyst Ali Martinez stated in an article he published on X that the dominance chart formed a rising wedge pattern and was approaching the resistance level of 60 percent.

“A possible decline in BTC dominance will show that money flows into altcoins,” said AMBCrypto, continuing his words as follows: “The flow in question can lead to an alt season, which is a very profitable period for long-term owners of altcoin projects.”

An index measuring the altcoin season reached 35 points out of 100. According to historical data, the index value should be 75 points for a potential altcoin bull.

In the analysis, the performance of stablecoins was also discussed in addition to BTC dominance. Stating that the stablecoin supply ratio metric points to an altcoin bull, AMBCrypto said:
“A price increase seems possible in the altcoin market. However, the values ​​of the metric are not close to the levels of the previous rally.”

The market value of altcoins other than BTC and ETH has exceeded $ 600 billion. Martinez reported that the first target is $ 625 billion, and if the said region is exceeded, an increase of up to $ 800 billion could be seen.

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Rally Signal in Arbitrum (ARB): Is the Big Rise Starting?

Arbitrum, one of the leading names in Layer-2 projects, has not been able to start an uptrend for a while. The popular altcoin, which has been exposed to selling pressure due to BTC remaining below $ 60,000, the Layer-2 trend not starting and the token economy, has slowly started to give an uptrend signal. $ARB , which has been in a downtrend since April 1, was broken on September 11 and headed towards higher levels.

Downtrend breaks usually indicate an increase. The Layer-2 coin, which left $ 0.50 behind on September 11, is currently drawing a calm price structure. ARB, which found buyers at $ 0.5997 at the time of writing, may want to test $ 0.80 - 0.99 - 1.23 - 1.45 - 1.61 and $ 1.80 respectively if it starts to rise. Even reaching the first target from the current level corresponds to an increase of over 40 percent.

Bitcoin may fall if it falls below $ 60,000, if dominance increases, or if Layer-2s cannot hold the trend. The parity's raid on the bottom region can make it difficult to determine the support level. $ARB investors can follow the exact numbers as support in this process.

For example, since the levels of $ 0.40 and $ 0.30 can act as psychological support, a buying reaction can be expected from these levels. The loss of the last bottom level of $ 0.46 will be a sign of new selling pressure.

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A gold tribute from an anti-Bitcoin.

Economist Peter Schiff stated that investors focusing on Bitcoin (BTC) missed the rise in the price of gold.

While the crypto market is experiencing busy days, analysts have begun to make striking statements. BTC, approaching the level of $ 64,000, has raised the question of whether the bull cycle has begun. While investors who have been waiting for a rise for a long time are getting impatient, a striking statement came from Schiff.
Schiff criticized investors' focus on BTC. The anti-Bitcoin analyst complained that the opportunity created by gold is being ignored.

Peter Schiff, known for his opposition to Bitcoin, stirred things up with a post he made on X. The famous economist once again put traditional finance above crypto assets.
Schiff, who said, "Gold broke a new record, but very few investors notice or care about this," continued his words as follows:

"While attention is focused on Bitcoin, investors are missing not only the gains of gold, but also the importance of the rise."

Schiff, who stated that the US Fed's interest rate cut after four years was not as positive as it was thought, argued that inflation would increase further. The economist stated that the increase in the gold price showed that monetary policy was too loose and that this situation would not reduce inflation.

Schiff's comments drew a reaction from investors. One user reported that BTC and gold had similarly increased by 2 percent.

The economist, who stated that the price of $BTC was below record levels, continued his words as follows:
"Bitcoin is the best thing that could happen to the Fed because it takes the spotlight off gold, which would otherwise reveal policy mistakes."

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Will Popcat (POPCAT) reach $2 before the end of 2024?

A price target of $2 has been given for POPCAT, the popular memecoin of the Solana blockchain, by the end of the year.

Solana memecoins continue to gain momentum despite the skepticism of many investors. Many memecoins, especially Bonk ($BONK ), Dogwifhat ($WIF ) and Popcat (POPCAT), are increasing the trading volume of the Solana blockchain.
Crypto analysis platform AMBCrypto suggested that POPCAT, which has approached a market value of $1 billion in a short time, will continue to rise. In the analysis in question, it was stated that open interest, funding rates and total liquidations gave positive signals.
The analysis predicted that POPCAT will increase by over 100 percent before the end of 2024.

According to CoinGecko data, POPCAT has increased by 51 percent in the last two weeks. POPCAT's market value has reached $900 million, while its average trading volume has increased to $80 million.

It was reported that POPCAT, which has been steadily increasing since September 8, is preparing for a potential bull run. AMBCrypto, who said, "The market crash on August 5 created the bottom level of POPCAT," continued his words as follows:
"POPCAT's current momentum suggests that the price could rise above $1. The popular memecoin can make more gains."

According to the analysis, if market conditions continue to be favorable, POPCAT's price could reach $2 by the end of the year. Despite the bullish expectation, the analysis warned that the psychological resistance point at $1 could create significant selling pressure. The support levels to be followed for POPCAT are shown as $0.80 and $0.50.
“POPCAT is holding strong and traders are closely monitoring the price chart for higher profitability,” AMBCrypto said, referring to Open Interest (OI) weighted funding rates.

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Phaver (SOCIAL) was listed on exchanges after the airdrop.

The Web3 platform Phaver (SOCIAL), supported by Lens Protocol and Farcaster, has made a name for itself by being listed on many exchanges.
Phaver, which allows users to socialize and have fun by performing various tasks, launched its token after a long period of work. Phaver, which has more than half a million users, announced that SOCIAL has completed the first season of airdrop distribution.

Approximately 4 percent of SOCIAL, which has a total supply of 10 billion, was distributed to season one participants. SOCIAL, which is on the Base, Cyber ​​and Ethereum blockchains, has a market value of $ 150 million according to the total supply.

Phaver also launched the Cred Pass NFT collection on the OpenSea platform. These NFTs will offer various opportunities in subsequent airdrop distributions.

The Decentralized Social (DeSoc) project became the largest application on Lens and the largest third-party application on Farcaster. Phaver's token, which stands out with its advertising models, anonymity and free communication model, the opportunity to interact and various activities, attracted great attention at the launch.

According to CoinGecko data, SOCIAL has recorded a transaction volume of over $10 million since the launch.

Phaver enables content creators to reach audiences and convert the content they create into points. These points and works are turned into an income model.
Crypto projects launched in the SocialFi field have attracted great attention recently. Galxe (GAL), which has a reward system through tasks, has increased by nearly 10 percent in the last week. It has become a matter of curiosity what the SOCIAL token will do in the SocialFi field, which has a total market value of $2.5 billion.

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