CandleFocus Crypto Analyst Says Bitcoin’s Parabolic Phase Has Begun, Outlines Time Left Before BTC Hits the Bull Market Peak
2024-11-15
Author: Content Editor
The pseudonymous analyst known as Rekt Capital is bullish on Bitcoin, stating that it has entered the "parabolic phase of the cycle" and will experience multiple weeks of upside before a correction. Based on historical precedent, the analyst believes that Bitcoin has around 40 weeks before it reaches the top of the cycle, which is estimated to be in mid-September to mid-October 2025. The analyst predicts that this final phase of the Bitcoin cycle, the post-halving parabolic upside phase, will last around 300 days. As of now, Bitcoin is trading at around $89,230.
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