© Archyde.com. Crypto Analyst Predicts New Bitcoin All-Time High in 2024; Why 2023 is a ‘peak financial opportunity’
Benzinga – One of the Top Crypto Traders and the Pseudonymous Strategist Rekt Capital recently shared his views on (CRYPTO : BTC).
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He laid out a timeline for Bitcoin’s next all-time high on his Twitter feed.
“According to the four-year cycle theory, a new BTC All Time High would occur at the earliest in Candle 4 (2024) and at the latest in the new Candle 1 (2025),” he said in the post. Twitter.
According to the four-year cycle theory, a new #BTC All Time High would occur at the earliest in Candle 4 (2024) and at the latest in the new Candle 1 (2025)
If a new ATH were to occur in candle 4 of 2024, it would occur months following the $BTC halving of April 2024#Crypto #Bitcoin pic.twitter.com/Mp2T61MqCE
— Rekt Capital (@rektcapital) December 30, 2022
Rekt Capital expressed optimism regarding the all-time high in BTC, “Historically a strong indicator of where the bottom of BTC is when the bearish BTC candle 2 makes its yearly close. »
Historically, a strong indicator of where the bottom of $BTC is is when the bearish #BTC Candle 2 makes its yearly close
And whatever the downward wicking in the next 3 candle is just a bonus for bargain buyers#Crypto #Bitcoin pic.twitter.com/j7nRL95kf7
— Rekt Capital (@rektcapital) December 30, 2022
He mentioned Bitcoin’s Relative Strength Indicator (RSI), which indicates possible trend reversals.
Monthly #BTC RSI hit new all-time lows this month
The RSI has been trending down (orange) since it turned the lower bear market area (green) into new resistance
A channel break might be a strong signal that $BTC is ready for a macro trend change #Crypto #Bitcoin pic.twitter.com/hMJtmIypla
— Rekt Capital (@rektcapital) December 30, 2022
The crypto analyst also said that BTC price levels might potentially approach “maximum financial opportunity”. He explained why it is essential to keep an eye on the three candle in the theory of the four-year cycle.
As #BTC is regarding to form a new 3 candle in its current four-year cycle…
It’s worth remembering that the downside wick in a 3 candle has always represented a peak financial opportunityhttps://t.co/ZnZqEHVj3j$BTC #Crypto #Bitcoin pic.twitter.com/dc8uc4geHd
— Rekt Capital (@rektcapital) December 30, 2022
“The next BTC Candle 3 in 2023 is a bottom year. But candle 4 of 2024 is a reversal year in which the BTC Halving occurs. Historically, Candle 4 has at least eclipsed the previous resistance of Candle 1 & Candle 2 and at best rallied to a new all-time high,” he said in the Twitter post.
At the time of writing, Bitcoin was trading at $16,584, down 1.5% over the past seven days.
Read more: As crypto markets pull back, this analyst is bullish on Bitcoin, , and
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