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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?#

#Bitcoin narrows its price change. Which direction will it go, up or down?# Anonymous cryptocurrency trader Rekt Capital has stated that Bitcoin is perfectly replicating its 2016 history, with a descending candle below the lower boundary of the current range of re-accumulation three weeks after the halving. Rekt said that the re-accumulation range at this stage of the cycle is any price below $61,081. Timothy Peterson, founder and investment manager of Cane Island Alternative Advisors, pointed out the decrease in prices from the all-time high (ATH) chart, which measures the decline of Bitcoin from peak to trough over a specific period of time, as an indicator of Bitcoin's current price. By the beginning of 2025, prices could increase almost sixfold. Based on adoption and previous fund outflows, we can assume that the peak of this cycle within the next 9 months will range from $175,000 to $350,000. #HotTopicDiscussion# #比特币# #BTC#

"Every person is an island,\n\nbut not necessarily find another island.\n\nBut every island has the sea surrounding it."

🚀BTC significant Rebound; US senators plan to introduce legislation for BTC strategic reserves; global markets still in Fluctuation...

#MAGA#The island rockets have sold out. We are preparing for takeoff, to the moon, everyone!