Twitter phenomenon and cryptocurrency analyst Rekt Capital has suggested that Bitcoin (BTC) has historically been very close to the bottom.
Rekt Capital has recently twitter on Bitcoin’s annual chart in his post “4 candle halving loops” He shared an analysis that indicates that it is close to the bottom levels. 2012 According to the analysis revealing the price cycle on Bitcoin since very close to the bottom positioned at a price.
Analyst, annually since 2013 1 to 4 According to the Bitcoin graph, which he presents in the form of cycles numbered up to “2. candle” red was turned off and therefore historically 2023, 2024 and 2025 He needs to turn his years green. According to Rekt, the 3rd candle of the cycles is the year the “bear market” ends.
On the other hand, underlining that Bitcoin started to rise in the years after the second candle of the cycles, the analyst said, “The position we are in is “fairly close to the point of maximum financial opportunity” he described.
In his statement, the 4th candles of the cycles that it has wicked close to the previous candle, and therefore Bitcoin will be in 2024. your $20,000 Stating that it can fall just below, the analyst said, to the following statements placed:
If the bearish wicks represent the highest financial opportunity, then the candle body bottom is fairly close to the maximum financial opportunity point.
Rect also 2023 and 2024 He also shared a chart about his expectations for the year. This year, there is a “half” of the last year’s candle. wait for the risethe analyst, He suggested that next year Bitcoin could surpass its all-time high (ATH).
In line with the foresight of the analyst, who has made similar analyzes to the end of the bear market, historically. if history repeats itself Bitcoin may show signs of recovery soon.