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Rekt Capital: There is similarity between 2016 and 2024. Rekt Capital, a well-known crypto trader, highlights striking similarities between the current cycle and the one following the 2016 halving. In a recent post, Rekt emphasized the "reaccumulation range" below the current price of $61,081 that Bitcoin is trading at. According to Rekt, this aligns with the observed pattern in 2016. Rekt also emphasizes the current position of Bitcoin in the "pre-halving last pullback" stage. Following this stage in 2016, Bitcoin witnessed a significant increase of 48% in just six months. This historical example boosts optimism for a possible price increase in the near future. However, Cane Island Alternative Advisors' founder and investment manager Timothy Peterson takes a more ambitious approach. Peterson, by analyzing the price decline chart, predicts a potential six-fold price increase for Bitcoin in early 2025. Referring to past adoption trends and previous declines, he astonishingly pegs the peak of this cycle between $175,000 and $350,000. #Which trending Al tokens are on your watchlist?# #Which memecoin has great potential?# #Buy the dip or wait? What's your ideas?#

Famous analyst: Bitcoin (BTC) pre-halving rally has begun! Crypto analyst Rekt Capital stated that the expected rally ahead of the Bitcoin (BTC) halving has already begun. There is a spring mood in the cryptocurrency market. On Jan. 11, the consodilation formed by the start of trading on spot Bitcoin ETFs is about to come to an end. As Grayscale's selling pressure finally subsided, other ETF providers accumulated large amounts of BTC. The cryptocurrency market, which has been on a downward trajectory since Jan. 11, signaled a recovery last week. BTC reached $48,000 and also boosted altcoins. Crypto analyst Rekt Capital, in his social media post evaluating the situation, stated that the expected rally before the Bitcoin halving has already begun. According to the analyst, the crypto market is experiencing a rally. All eyes on the Bitcoin (BTC) halving! The cryptocurrency market has set its sights on the Bitcoin halving after spot Bitcoin ETFs. The halving, which is expected to take place in about 65 days, has started to whet the appetite of investors. Many investors have started to think that the Bitcoin halving is the factor that will start the bull run. Cryptocurrency analyst Rekt Capital stated that the process in which BTC was in a disadvantageous position was completed before the upcoming Bitcoin halving. The analyst stated that the pre-halving rally expected by the crypto industry has already begun. Rekt Capital evaluated Bitcoin's progress in 5 stages with its post on February 5. The first stage was stated as the negative process before the halving. According to the analyst, this stage is over. The other 4 phases of the analyst are in the form of a pre-halving rally, a pre-halving pullback, consolidation, and a parabolic bullish trend, respectively. Historical models used by Rekt Capital show that the expected rally before the Bitcoin halving usually starts two months before the halving. Pointing to the timeline, the analyst said that the rally could start next week. The famous analyst also underlined the need to be careful as the timeline is happening earlier than expected. #ContentStar# #Gate post Highlights# #HotTopicDiscussion# #BountyCreator#

Momentum for Dogecoin began earlier in the week when crypto analyst Rekt Capital identified potential signs of an impending uptrend for DOGE, setting a price target of $0.15. The optimism follows a rally in October, when Dogecoin lagged behind other cryptocurrencies but has since shown signs of recovery#ContentStar# #HotTopicDiscussion# #GatePost# #Highlights#

Cryptocurrency strategist Rekt Capital suggested that the altcoin market could record strong volatility in the coming weeks. The analyst noted that the altcoin hype cycle in Q4 2023 was largely driven by the bullish price action of layer-1 protocol Solana (SOL) and Ethereum (ETH)-based oracle provider Chainlink (LINK).#HotTopicDiscussion#

Famous Crypto Analyst Rekt Capital's analysis of The Graph (GRT) showed a rally of +%146 from Range Low to Range High. In November 2023, GRT was in an Ascending Triangle formation, signaling a potential breakout. This breakout led to a 77% increase, bringing the price closer to the $0.37 resistance level. However, after reaching the High Range, GRT encountered resistance and then its value dropped. GRT is currently consolidating between $0.15 and $0.37. In order to make any moves, GRT needs to reclaim the Range High at $0.3745 as a new support. On the other hand, a drop closer to the Lowest Range at $0.1532 could be an alternative entry point. Despite a 30% recovery from the mid-level of $0.23, there hasn't been a significant trend change. GRT continues to stay in the upper half of its macro range with important levels to watch for future movements. The loss of support at $0.23 could push GRT towards the lower range of $0.15. Conversely, a successful recovery of Range High from $0.37 will be critical for the upward trend. Investors need to monitor these levels for potential opportunities. #ContentStar##Gate post Highlights# #HotTopicDiscussion##BountyCreator# #GateLive##NewsMessenger#