Bitcoin Transitioning Into New Parabolic Move to the Upside, According to Crypto Analyst
A widely followed cryptocurrency analyst and trader believes that Bitcoin’s (BTC) transition into an explosive part of the market cycle is near.
In a video update, pseudonymous analyst Rekt Capital tells his 91,200 YouTube subscribers that Bitcoin is following a similar path to previous bull runs, including the lengthy consolidation around the halving.
“We’ve seen retracement, we’ve seen consolidation, everything in between, and it’s slowly becoming time for price to essentially transition into its next phase of the cycle, which is essentially parabolic price action towards the upside.”
The analyst says that once Bitcoin enters the “parabolic phase,” the flagship crypto asset may…
