88% of Bitcoin’s Bull Run Is Over: Here’s What Comes Next

Bitcoin is still in a bull market but moving more slowly now. This cycle had the longest post-halving reaccumulation phase yet. Upside to $130K–$150K is possible, but risk of correction grows. Bitcoin’s bull run is still alive, but it’s taking a slower and more deliberate path this time around, according to a market update from analyst Rekt Capital, where it was explained how Bitcoin moves in clear cycles, with periods of strong rallies, quiet consolidations, and occasional pullbacks before it finally reaches a peak. Interestingly, this current cycle saw one of the longest re-accumulation periods ever after the halving event, lasting nearly eight months. The longer than expected consolidation gave the Bitcoin market time to cool off after a period of rapid gains, bringing prices back in line with long-term trends. While Bitcoin did eventually climb to new highs, the move was much slower compared to past cycles. Looking at the bigger picture, the analyst said that the risk of a market drop from current Bitcoin prices is starting to outweigh the remaining upside. While prices could still rise to $130,000, $140,000, or even $150,000, there’s also the… The post 88% of Bitcoin’s Bull Run Is Over: Here’s What Comes Next appeared first on Coin Edition .