Here’s When Bitcoin Is Predicted To Break Its All-Time High If History Repeats

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Here’s When Bitcoin Is Predicted To Break Its All-Time High If History Repeats - NewsBTC

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This movement has been met with a “fantastic recovery,” signaling potential for a return to the channel top at around $67,000 in the coming weeks.“The channel bottom rebound is crucial as it has historically taken price from the channel bottom to the top in approximately two weeks on average,” Rekt Capital explained.

Drawing parallels from the post-halving periods of 2016 and 2020, the analyst suggested that similar conditions are currently forming, with Bitcoin being around 133 days post the latest halving.“This cyclical observation aligns well with the current market dynamics, where Bitcoin is methodically testing and, in some cases, breaching important technical barriers,” he remarked.

Following the Bitcoin price surge back to $64,000, crypto analyst Rekt Capital is predicting a major breakout move in the coming weeks.