“This is a blip”: Crypto analyst says Bitcoin’s parabolic ascension is still going well – here’s his outlook

An analyst known as Rekt Capital tells 108,000 YouTube subscribers that Bitcoin’s Banana Zone is still in its midst, of course, when BTC is experiencing rapid and explosive growth.

Analysts say the recent revisions Bitcoin received are temporary.

“This is a blip within that banana zone, and we will see ourselves rise to the continuation of additional uptrends. ”

According to Rekt Capital, the fixes received by Bitcoin are not normal.

“What happens when Bitcoin price action invades a new all-time high is that, yes, we see those new all-time best parabolic ascensions. But sometimes, like we saw in 2017, when we break into a new all-time high. And even during this period, we also saw a slightly bumpy ride just before the newest ever greatest.

And in this cycle, we saw a revision period of 6-7 months after actually gathering at the new all-time high during the pre-harvesting period… This, likewise in 2013, is bumpy in and around the greatest old region of history. ”

As parabola uptrends resume, what comes next after Bitcoin, according to pseudonym analysts

“When this revision phase is over, you will see the price discovery number 2 for another expansion phase. And that second price discovery revision will also be number 2.

And once that revision is over, we will see its final uptrend, perhaps a rise to a new history high to the peak of the Bullmarket. ”

Bitcoin is trading at $85,773 at the time of writing.

Generated Image: Midjourney