Pseudonymous analyst Rekt Capital believes Bitcoin is close to sparking a parabolic rally, based on historical data. With BTC in week 14 of its price discovery phase, Rekt Capital notes that:
- Historical precedence suggests a potential leg up in weeks 16+
- Traders who hold on to their BTC stack will likely be rewarded
- The Bitcoin bull market has a long way to go, with the parabolic phase lasting around 300 days on average
Rekt Capital advises patience in weeks 14-15 and optimism after confirmation of the 2nd price discovery uptrend. Bitcoin is currently trading at $101,163.
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