Leading cryptocurrency Bitcoin finally held its 4th halving event. How will BTC and altcoins move after this event that the market is eagerly waiting for? According to a popular crypto analyst, an accumulation phase awaits us. Additionally, Bitcoin provides the last opportunity for accumulation before a parabolic rally.
Analyst: Last opportunity to buy before the parabolic phase!
cryptokoin.comAs you follow from , we have stepped into a new era for Bitcoin today. Now, miners’ job is harder. Due to the increase in costs, expectations are that the BTC price will also increase. Following the Bitcoin halving, the BTC price has remained stable at $64,000 for now. Rekt Capital announced that the accumulation period started again after the halving. Additionally, the analyst stated that this phase is the last opportunity to buy at an affordable price before Bitcoin moves into its parabolic phase.
In the past, Bitcoin’s pre-halving pullback phase was seen as preparation for the next phase of the halving cycle. In the post-halving reaccumulation range, the bottom of the pre-halving retracement phase forms the bottom of reaccumulation. With this low range, a consolidation period begins. This points to a preparation period for a parabolic upward break.
What’s on the roadmap for altcoins?
Altcoins saw strong gains in the pre-halving period and the entire Q1. However, it then entered a strong retreat in recent weeks. This situation emerged with the BTC price fluctuation in recent weeks. Rekt Capital also foresees a road map for altcoins. The analyst states that current movements are consistent with the projected route.
Altcoins hit bottom in early February. This marked an important turning point in market movements. Additionally, altcoins witnessed a noticeable sell-off during the period coinciding with the BTC halving event. This further reflected BTC’s correlations with market dynamics. Looking forward, Rekt Capital predicts that altcoins will once again reach a bottom in early summer. The analyst also predicts that cyclical patterns in the broader crypto market will continue. In this context, Rekt Capital underlines the following points:
- Altcoins are following the plan…
- Altcoins bottomed at the beginning of February.
- Altcoins sold off around the BTC halving.
- Altcoins will hit bottom in early summer.
Predictions for Bitcoin are flying!
After Halvig, BTC’s next move is on the agenda of market analysts. Based on historical data, analysts have already started predicting the next price targets for Bitcoin. In the latest analysis of the potential price range of Bitcoin in its 4th halving cycle, experts also predict a significant spectrum:
Cap: Approximately $4,500,000.
Lower Limit: Approximately $140,000.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!