Major new crypto analyst predicts timing next Bitcoin top

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Last Updated on 13 September 2023 by CryptoTips.eu

Rektcapital is an anonymous crypto analyst who is gaining fame. While he only rang a bell with hardcore crypto fans in 2021, he was discovered in 2022, so to speak.

Meanwhile, he is extensively cited in media publications such as Cointelegraph, Forbes, HackerNoon, the Startup and Yahoo Finance. His Rekt Capital Newsletter, which is available for a fee on Substack, is currently considered one of the top five technical analysis of digital currencies that is available.

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2024 halving

Just before the end of the year, Rektcapital released an analysis and long-term forecast for the largest digital currency, Bitcoin.

According to him, Satoshi Nakamoto’s invention moves in a 4-year cycle, and we can time it by the ‘halving‘, the recurring technical event that ensures that the reward for miners is halved each time and therefore it becomes increasingly difficult to mine Bitcoin.

He said:

Historically, #BTC’s price action has formed Four Year Cycles. Each candle represents a year. Candle 1 sees $BTC reach its Bull Market Peak. Candle 2 is where #Bitcoin is in a Bear Market. Candle 3 is where BTC bottoms out. Candle 4 is where BTC recovers & begins a new trend

In other words, according to that logic, we can expect the bottom at the beginning of 2023 and the reversal around halfway through 2023. RektCapital further says that a new all-time high will come in 2024 at the earliest and 2025 at the latest. Also, only one catalyst is needed to get Bitcoin back on the growth path, he claims.

We’ll know in a few months if he was right. In any case, an analyst to keep an eye on.

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Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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