If History Repeats Bitcoin, a Big Break May Occur in September

Popular analyst Rekt Capital pointed to September for Bitcoin (BTC).

Rekt Capital updated its Bitcoin analysis in its X post dated July 19. The analyst said that if history repeats itself, Bitcoin may experience a significant break in September 2024.

The reaccumulation range is characterized by the Bitcoin price remaining sideways for a certain period of time and large investors strengthening their positions during this period. If history repeats itself, a breakout from this range could lead to a significant increase in Bitcoin price:

If history repeats itself, Bitcoin could make a strong breakout from the “reaccumulation zone” in September 2024.

In a similar chart he recently shared, the analyst stated that Bitcoin could rise to 71 thousand dollars in the short term. He argued that the intense liquidity collected in that region would pull the price up like a magnet.

According to CoinGecko data, Bitcoin, which has increased by 5% in the last 24 hours, is traded at $ 65,400 at the time of writing.

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