Analyst: Historical data shows that Bitcoin may be迎来 "breakthrough opportunity"

2024-09-24 10:56:25

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ChainCatcher news, Rekt Capital analysts indicate that if historical cycle patterns repeat, Bitcoin may be on the verge of a breakout.

He pointed out that BTC typically breaks out of its accumulation range 154 to 161 days after a halving. Currently, it has been 157 days since the halving event on April 20, placing it within the breakout timeframe. Analysis shows that BTC has risen about 9% this month, surpassing the 6% performance in September 2016.

The analyst noted that history does not always repeat itself in a copy-paste manner, but if it does repeat in this cycle: "Bitcoin should break out of its re-accumulation range in the coming days, that is, this week."

Additionally, in the past 11 Octobers, 9 have achieved positive returns, with significant gains in both 2017 and 2021.

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