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Reading: According to a crypto analyst, Bitcoin is on the cusp of breaking out into a parabolic phase. Here is the Timeline
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Investor's Crypto Daily > Blog > Headlines > Cryptocurrency News > According to a crypto analyst, Bitcoin is on the cusp of breaking out into a parabolic phase. Here is the Timeline
Cryptocurrency News

According to a crypto analyst, Bitcoin is on the cusp of breaking out into a parabolic phase. Here is the Timeline

Last updated: September 19, 2024 1:38 pm
By Shelly Davidson 2 Min Read
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Cryptocurrency analyst and trader says Bitcoin (BTC), is about to enter a bullish stage in the next few weeks or months.

Rekt capital, an analyst who goes by the pseudonym Rekt Capital on YouTube, tells his subscribers that Bitcoin has spent the last few months “in a phase of accumulation” and is now about to enter a parabolic phase.

Rekt Capital says that Bitcoin’s parabolic phase is predictable and lasts for a certain amount of time during each cycle.


If we see that this phase of reaccumulation lasts 160 days, and we see the bull market peaking 550 days following the halving then we can expect this phase to last about 390 or 400 days.


We are approaching the peak of the bull market after a roughly one-year parabolic rise. If this trend continues, we will see the bull market peak for Bitcoin .”
in mid-September or mid-October of 2025.

Source: Rekt Capital/X

Bitcoin was trading for $59,958 as of the time of this writing. This is about 19% lower than its all-time record high of $73,800.

According to the pseudonymous expert, Bitcoin is likely to reach a new high in the next few days.


“…But we will reverse to the upside eventually. This point will arrive very soon, because we’ll see new highs in 160 days.

Bitcoin’s halving took place on the 20th of April, 151 days prior.



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Images Can Be Found on Pixabay Creative Commons & Midjourney

As new information becomes available, this post Bitcoin on Cusp Breakout into Parabolic Phase – Says Crypto Expert – Here’s a Timeline might be updated.

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