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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