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- The Bitcoin price is currently in the re-accumulation phase providing final bargain before the parabolic rally resumes above $70,000. It’s a matter of when not if.
- Popular crypto analyst Rekt Capital explains that Bitcoin is undergoing its final halving retrace.
- “BTC price rally will start once it breaks out of its re-accumulation range of $60K-$70K,” states Rekt Capital.
Explore the imminent Bitcoin rally as it prepares to break out above $70,000, signaling a robust uptrend in the crypto market.
Bitcoin’s Market Resilience Signals Upcoming Surge
As Bitcoin surpasses $67,000, analysts pinpoint the re-accumulation phase as a precursor to a significant price rally, potentially reaching new highs.
Understanding the Re-Accumulation Phase
The re-accumulation phase often precedes major bullish momentum, serving as a consolidation period that allows for accumulation before price breakouts.
Conclusion
This analysis suggests that Bitcoin is setting the stage for a substantial rally. Investors and traders should monitor the $60K-$70K range closely for breakout signals.
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- Bitcoin Price Analysis
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