The crypto analyst Rekt Capital has indicated that Bitcoin is in the final accumulation phase towards its block reward halving and is expecting a significant rally to follow this period. Sharing his views with his followers on his YouTube channel, the analyst evaluated the current movements of Bitcoin and its potential future.
Accumulation Phase and Price Range
Bitcoin is currently trading in a specific price range, offering opportunities for investors to buy. According to Rekt Capital, at this stage, Bitcoin could fluctuate within a range of $60,000 to $70,000, indicating that the $60,000 level could be considered as a potential bottom.
Block Reward Halving and Parabolic Rally
The analyst pointed to the anticipated parabolic rally following the block reward halving, emphasizing that every dip in the Bitcoin price offers buying opportunities to investors. This parabolic rise could occur in weeks or months, providing substantial gains to investors.
Useful Information for Readers
Bitcoin is currently in a accumulation phase and getting ready for a major rally.
Trading between $60,000 and $70,000, Bitcoin offers accumulation opportunities for investors.
A parabolic rally is expected after the block reward halving.
Each price dip can be seen as a buying opportunity before reaching all-time highs.
According to the analyst’s views, Bitcoin’s future movements contain significant signals that could guide investors’ buying and selling decisions. At the time of writing, Bitcoin is trading at $68,154, continuing to attract the attention of investors.
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