Bitcoin has gained 13% in two weeks. An analyst believes it's about to surge higher.
Rekt Capital, a pseudonymous trader, shared this view with his 89,500 YouTube subscribers. He states Bitcoin is at a crucial juncture and the so-called bull run is now almost imminent.
"This is the current breakout moment for Bitcoin," Rekt Capital said. He believes it's transitioning from re-accumulation to a parabolic phase.
The analyst suggests this shift could occur within days, however, he notes a potential dip first.
Bitcoin might fall to $60,600, Rekt Capital warns. This would retest the re-accumulation range low as new support.
He sees $73,800 as a key level. Breaking this could signal the start of the parabolic phase to numbers that are yet hard to imagine.
Rekt Capital bases his predictions on historical patterns. He cites post-halving periods from previous cycles. After breaking past all-time highs, Bitcoin typically peaks 250 to 329 days later, and this pattern has held since 2012.
If this cycle follows suit, the bull market peak could occur in late 2025. This assumes a breakout in the near future, which coincides with many other forecasts that have been made recently. Simply put, analysts are right, we will see BTC reaching $73,000 in the near future and then growth to much more significant numbers within one year.