CandleFocus Here’s What Could Kick Off ‘Parabolic Phase’ of Bitcoin Bull Run, According to Crypto Trader
2024-10-15
Author: Content Editor
The analyst Rekt Capital predicts that Bitcoin may soon enter the explosive phase of the market cycle and reach new all-time highs. He believes that the cryptocurrency could break through its trading range and challenge resistance levels around $70,000. Based on previous cycles, the analyst suggests that the cycle top for Bitcoin may occur around March 2025, approximately 330 days after the April 2024 halving event. While there may be a risky period for holding digital assets in the future, Rekt Capital believes that breaking old all-time highs is just a matter of time. Currently, Bitcoin is trading at $65,906, with a 5.41% increase in the last 24 hours.
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