History Shows $BTC Will Explode In The Next Few Days, According To Rekt Capital!

Today (September 24), famous analyst Rekt Capital made a very remarkable forecast about the price of BTC (Bitcoin) in the near future.

Specifically, this analyst with more than 500,000 followers on X (Twitter) said that in previous Halving cycles, BTC often broke out of the accumulation range between 154 - 161 days after the Bitcoin Halving event.

Before the 2016 Halving, BTC price started to grow strongly about 154 days after Halving. By the 2020 Halving event, BTC price ran strongly after this event about 161 days.

The Bitcoin Halving event in 2024 will take place on April 20 - meaning we have passed 158 days after the Halving event. Therefore, Rekt Capital commented that: "History shows that this is a Breakout Time for Bitcoin price".

Investors should note that historical data is for reference only, market developments will be affected by many other factors such as cash flow in the market, macroeconomic outlook, geopolitical situation...

Another interesting detail mentioned by Rekt Capital is that BTC has increased by 6.83% since the beginning of September 2024. If calculated from the bottom of $52,500 set on September 6, BTC price has recovered more than 20% to $63,000 at the time of writing.

This is BTC’s best September performance since 2016, when September was jokingly known as “Sập Tem Ber” because BTC often fell during this time. Notably, BTC had a streak of 7 consecutive years of declines in September - from 2017 to 2022.

We are just about 6 days away from the end of September & Q3. After a volatile Q3, we are now entering Q4 - the time that will witness BTC's best performance of the year.

According to data from Coinglass, BTC recorded an average increase of 88.84% in Q4 since 2013. In addition, ETH also recorded an average increase of 23.29% in Q4.