đ Bitcoin Breakout Imminent? Analyst Says History Might Repeat!
- Analyst Rekt Capital suggests Bitcoin could be on the verge of a breakout, based on historical cycle patterns.
- BTC historically breaks out 154-161 days post-halving; we're currently at day 157 since the April 20 halving.
- Previous cycles saw BTC breaking out 154 days (2016) and 161 days (2020) post-halving.
- September has been unusually bullish, with BTC up 9%, beating its 2016 record of 6%.
- October has historically been strong, with gains up to 48% in bull market years.
- BTC needs to surpass $73,738 to enter a new price discovery range, currently trading at $62,863.
Source: Rekt Capital