Rekt Capital, one of the most well-known analysts in the cryptocurrency world, offered interesting information about the Bitcoin price in his analysis published to his followers on X (formerly Twitter).
According to the analyst, BTC has currently spent approximately 125 days since the halving. Rekt Capital believes that BTC has entered the parabolic phase approximately 160 days after the halving, according to its own data.
If history repeats itself, Bitcoin’s price could be just over a month away from making a jump, according to Rekt Capital, which would put it at the end of September.
On the other hand, the analyst believes that if the BTC price achieves a weekly close above the $60,600 level next week, Bitcoin will have regained its “reaccumulation range.” The analyst thinks that such a close will also signal the end of the downward deviation period.
The analyst says that the upper line of the channel currently in motion on the BTC chart is located around $67,700.
*This is not investment advice.