Bitcoin Analysts Predict a Recovery by Year-End

by Giorgi Kostiuk

a year ago

When Will Bitcoin Rise?
Crypto Analyst’s Prediction
Current Situation and Possible Scenarios

For months, Bitcoin's price has not reached new all-time high levels, stuck in a narrow range. If Bitcoin gets stuck at a certain point, it could mean deeper declines for altcoins.

When Will Bitcoin Rise?

It is impossible to give a definitive answer, but predictions can be made based on historical data. Although historical data does not provide a definite price route, it has been successfully predicting market turns for years. For example, a rise was expected in 2023, and it did occur when these historical signals indicated a turnaround from the bottom.

Crypto Analyst’s Prediction

Rekt Capital has been making market predictions by observing historical structures for years. Although he has been wrong more often than other analysts, the perspective he offers allows reading today's and tomorrow's trends from a different angle.

You might see a bit more consolidation, but we will start to recover towards the end of the year because as we enter 2025, we should see most of this upward movement happen. So the end of this year, leading into 2025, will be really exciting because we will transition from the first macro uptrend explosion, the first bull phase, to the second top phase of the cycle, entering the parabolic phase. We are not really far from this parabolic start, and it begins with a breakout from this reaccumulation range, and we do not have to wait long for this breakout to happen.Rekt Capital

Current Situation and Possible Scenarios

At the time of writing, Bitcoin was hovering around $58,800. Rekt Capital and other bullish supporters remain indifferent. Remembering the days when we experienced rapid rises, it is worth noting that many said 'I expected this' when the price started to increase. Today's situation feels similar to those days. However, the crypto market is full of surprises. A global recession, new disasters, and many other factors could suddenly impact the market.

Analysts continue to monitor market trends and make forecasts based on historical data. While predicting the exact moment of Bitcoin's rise is impossible, many expect the end of the year to be a turning point for the cryptocurrency market.

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