Bitcoin Likely to Enter Next Phase of Price Discovery, Analyst Says
Crypto analyst Rekt Capital asserts that Bitcoin is likely in its last consolidation phase before a rally to new highs. He highlights the need for Bitcoin to close above $97,700 for this bullish phase to materialize, predicting a continued upward trend through 2025 but warns of a significant bear market in 2026.
Rekt Capital, a prominent crypto analyst, suggests that Bitcoin (BTC) is entering its final consolidation phase before a significant price increase, which could lead to new all-time highs. In a recent update to his 536,000 followers on X, he indicated that Bitcoin has already experienced its first upward price discovery uptrend, and a subsequent bullish phase is imminent upon establishing support levels.
In summary, Rekt Capital’s analysis indicates that Bitcoin is poised for a significant upward movement towards new heights, contingent upon achieving sustained support above the $97,700 mark. Furthermore, he predicts a bullish market continuation through 2025, followed by a potential bear market beginning in 2026 that may result in price declines of up to 80%. Investors are advised to exercise caution and conduct thorough research before engaging in cryptocurrency investments.
Original Source: dailyhodl.com
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