The analyst known as Rekt Capital believes that Bitcoin may have entered a phase where steep rallies are likely to occur. He points to Bitcoin breaking above the resistance zone around $70,000 as the start of the parabolic phase in its market cycle. Rekt Capital suggests that based on historical precedent, Bitcoin could experience several months of upside, potentially lasting nine to twelve months. He also predicts that the peak of this cycle may occur deep into 2025, followed by a bear market in 2026. As of the time of writing, Bitcoin is trading at $96,718.



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