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Ethereum Ethereum (ETH) $3,807.82 ↓ -0.10%
XRP XRP (XRP) $3.12 ↓ -1.75%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.01%
BNB BNB (BNB) $815.51 ↓ -2.98%
Solana Solana (SOL) $181.49 ↓ -3.89%
USDC USDC (USDC) $1.00 ↑ 0.00%
Dogecoin Dogecoin (DOGE) $0.23 ↓ -4.01%
TRON TRON (TRX) $0.34 ↑ 4.43%
Cardano Cardano (ADA) $0.79 ↓ -3.03%
Hyperliquid Hyperliquid (HYPE) $44.14 ↓ -1.83%
Sui Sui (SUI) $3.81 ↓ -7.79%
Stellar Stellar (XLM) $0.42 ↓ -2.24%
Chainlink Chainlink (LINK) $17.92 ↓ -3.80%
Hedera Hedera (HBAR) $0.27 ↓ -3.25%
Bitcoin Cash Bitcoin Cash (BCH) $567.08 ↓ -2.32%
Avalanche Avalanche (AVAX) $24.72 ↓ -7.10%
Litecoin Litecoin (LTC) $108.74 ↓ -1.84%
UNUS SED LEO UNUS SED LEO (LEO) $8.97 ↑ 0.00%
Toncoin Toncoin (TON) $3.23 ↓ -2.76%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -4.06%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.02%
Uniswap Uniswap (UNI) $10.23 ↓ -3.86%
Polkadot Polkadot (DOT) $3.95 ↓ -4.05%
Monero Monero (XMR) $317.25 ↓ -2.88%
Dai Dai (DAI) $1.00 ↑ 0.02%
Bitget Token Bitget Token (BGB) $4.57 ↓ -2.15%
Pepe Pepe (PEPE) $0.00 ↓ -6.92%
Cronos Cronos (CRO) $0.14 ↑ 1.38%
Aave Aave (AAVE) $284.66 ↓ -3.74%
Bittensor Bittensor (TAO) $392.27 ↓ -5.03%
Ethena Ethena (ENA) $0.58 ↓ -11.18%
NEAR Protocol NEAR Protocol (NEAR) $2.72 ↓ -4.88%
Ethereum Classic Ethereum Classic (ETC) $22.03 ↓ -1.48%
Pi Pi (PI) $0.43 ↓ -2.63%
Ondo Ondo (ONDO) $0.97 ↓ -4.64%
Internet Computer Internet Computer (ICP) $5.51 ↓ -3.90%
OKB OKB (OKB) $48.41 ↓ -1.26%
Mantle Mantle (MNT) $0.77 ↓ -5.11%
Aptos Aptos (APT) $4.64 ↓ -2.93%
Kaspa Kaspa (KAS) $0.10 ↓ -4.47%
Bonk Bonk (BONK) $0.00 ↓ -14.27%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -8.82%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↓ -3.49%
Algorand Algorand (ALGO) $0.26 ↓ -3.72%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.28%
Arbitrum Arbitrum (ARB) $0.43 ↓ -4.59%
GateToken GateToken (GT) $17.77 ↓ -1.41%
VeChain VeChain (VET) $0.02 ↓ -1.94%
Render Render (RENDER) $3.98 ↓ -5.84%
Worldcoin Worldcoin (WLD) $1.09 ↓ -7.22%
SPX6900 SPX6900 (SPX) $2.11 ↓ -5.06%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $9.49 ↓ -5.33%
Sei Sei (SEI) $0.32 ↓ -3.15%
Sky Sky (SKY) $0.09 ↓ -7.73%
Cosmos Cosmos (ATOM) $4.63 ↓ -4.71%
Filecoin Filecoin (FIL) $2.59 ↓ -4.22%
Flare Flare (FLR) $0.02 ↑ 1.78%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.71 ↓ -3.46%
Story Story (IP) $5.60 ↓ -0.81%
Jupiter Jupiter (JUP) $0.54 ↓ -7.76%
XDC Network XDC Network (XDC) $0.09 ↑ 0.26%
Quant Quant (QNT) $122.24 ↓ -2.50%
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Celestia Celestia (TIA) $1.97 ↓ -1.07%
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Optimism Optimism (OP) $0.74 ↓ -6.38%
Four Four (FORM) $3.29 ↓ -3.32%
Conflux Conflux (CFX) $0.24 ↑ 32.48%
Stacks Stacks (STX) $0.78 ↓ -5.42%
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Fartcoin Fartcoin (FARTCOIN) $1.10 ↓ -17.84%
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Home Cryptocurrency

Experienced Analyst Predicts Major Bitcoin (BTC) Bull Run: “The Time Has Come, Rally Is Imminent!”

David Moore by David Moore
24 September 2024
in Cryptocurrency, News
Reading Time: 2 mins read
0
a potential Bitcoin bull run The image features abstract upward arrows and financial charts symbolizing a rally Subtle Bi

Following the recent FED interest rate cut, Bitcoin and the broader altcoin market have seen a surge, fueling expectations of a significant rally. An experienced analyst has shared promising insights, suggesting that if history repeats itself, Bitcoin could be on the verge of a substantial price breakout.

Table of Contents

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  • Bitcoin’s Historical Patterns Indicate a Rally
    • YOU MAY BE INTERESTED
    • Ethereum ETF Inflows Smash Records as Price Rockets to $3.8K: Is $4K Next?
    • FIS and Circle Team Up to Bring Stablecoins to Every U.S. Bank
  • The Timing is Crucial for Bitcoin

Bitcoin’s Historical Patterns Indicate a Rally

The well-known analyst Rekt Capital has highlighted that historically, Bitcoin has exited its re-accumulation range between 154 and 161 days after a halving event. According to the analyst, it has now been 157 days since the most recent halving in April, signaling that a major upward breakout could be imminent.

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#BTC

Historically, Bitcoin has broken out from its ReAccumulation Range 154-161 days after the Halving

It is 157 days after the Halving now

History suggests it is “Breakout Time” for Bitcoin$BTC #Crypto #Bitcoin https://t.co/Ydqlu4JKSf pic.twitter.com/CwRvUYnHW0

— Rekt Capital (@rektcapital) September 23, 2024

ADVERTISEMENT

Referring to historical data, the analyst pointed out that after Bitcoin’s 2016 halving, it exited the re-accumulation phase 154 days later, while in 2020, it took 161 days. Based on this, the analyst suggests that Bitcoin is now primed for a significant upward move in the coming days.

The Timing is Crucial for Bitcoin

The analyst’s prediction aligns with Bitcoin’s historical behavior, which has shown that major rallies typically occur after the re-accumulation period. With only 14% separating Bitcoin from breaking its previous all-time high of $73,700, investors are eagerly watching to see if the cryptocurrency will reach new heights.

Tags: bitcoinbtchalvingrallyre-accumulation
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David Moore

David Moore

I am a writer/editor and aspiring author with a high level of editing, writing, communication, leadership and research skills. I possess the proven ability to copy edit, write, fact check, format, calculate and verify numbers/percentages, interview people, perform research, teach and produce something meaningful from scratch. I've worked in various industries and in a number of team environments, including in support roles. In addition to my identity as a financier, I have had the opportunity to write editorial in other sectors throughout my life. Without saying no to these demands, I tried to expand my range and go beyond the field of finance. I have experience editing academic course material, financial services/investment copy, valuation/appraisal content, packaging/caution language and marketing/promotional material. I was on the basketball team when I was in college, but after I got injured, I continued to support the coach and my teammates. I learned leadership skills and continued to coach basketball teams. I've managed young people, and excelled in a number of office cultures. I’m currently working as a Financial Editor for different digital news channels, with contents about personal finance management and cryptocurrencies. economy

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