Crypto Analyst Says Bitcoin’s Parabolic Phase Has Begun, Outlines Time Left Before BTC Hits the Bull Market Peak
An analyst is leaning bullish on Bitcoin (BTC) amid the flagship crypto asset’s rally to a new all-time high of around $93,500.
The analyst pseudonymously known as Rekt Capital tells his 95,400 YouTube subscribers that Bitcoin has finally broken into the “parabolic phase of the cycle.”
“So we’re going to see multiple weeks of upside… before we see the first sort of correction.”
According to the pseudonymous analyst and trader, Bitcoin has a little over 40 weeks before it hits the top of the cycle based on historical precedent.
“We are in the parabolic phase of the cycle once again, only just beginning it. And here we can see that the bull market top based on what we’ve seen in the past is mid-September to…
