A false signal? Analyst expects Bitcoin to rise

Rekt Capital, which publishes a lot of analysis on Bitcoin on the X platform, points to the potential growth of Bitcoin in the near term.
With halving approaching, it is worth taking a look at current market trends. The next few days are still in question. Can the analyst community predict what will happen soon?

Will this analyst's predictions prove correct?

Observers and enthusiasts are publicly expressing different predictions about both the decline and the parabolic rise of the flagship cryptocurrency. One thing is certain - the supply will soon be split in half. What will be the long-term consequences of this event?
According to Rekt Capital's analysis, the current fluctuation of Bitcoin's price should not worry investors. A drop below $60,000 could be a false signal, suggesting a reversal of the downtrend.
"One of the key things to watch for regarding Bitcoin's re-accumulation ranges throughout this cycle is this: Downward wicks below the bottoms of the range usually occur to induce investors to make a false breakout (black circles) before resuming the uptrend."
The analyst notes that such corrections have occurred before and have always preceded Bitcoin's price rise. This means that the current declines may only be short-term fluctuations. This situation can be exploited by investors waiting for a lower price of digital gold.

Bitcoin price and the upcoming halving

The upcoming halving of Bitcoin is also worth noting. Rekt Capital expresses optimism about this event, predicting positive effects over the next year and a half.
Halving could be a key moment for the cryptocurrency market, creating new opportunities for investors. Therefore, it is worth following its course and the market's reactions. One of the longest-awaited events on the market is only a dozen hours away.

Bitcoin price forecasts

Rekt Capital stresses that the current Bitcoin price is not yet a peak. According to the analysis, the next bull market peak could occur between September and October 2025. The analyst, via the X social platform, explained how he understands the current market situation.
"This is currently a deep pullback of -18%, which has lasted 10 days so far. In terms of depth, this is very close to bargain-buying territory based on pullbacks in this cycle (up to a maximum of -23% depth) In terms of time, however, this is still one of the shortest pullbacks in this cycle (currently lasting only 10 days). Previous pullbacks lasted 2-3 weeks and lasted at most two months."
Investors should therefore take a long-term view and not worry about short-term price declines. Instead, focus on the long term and the potential profits that investing in BTC can bring.