Renowned crypto analyst Rekt Capital predicts that Bitcoin (BTC) could be gearing up for a significant surge in the coming days, drawing on historical patterns.

In a recent post on the social media platform X, where he has a massive following of 475,500 users, Rekt Capital suggested that Bitcoin is on the verge of a breakthrough that could mirror the explosive gains seen in 2020 and 2021.

“Bitcoin is on the brink of a groundbreaking rally,” he shared, hinting at the possibility of the leading cryptocurrency entering a parabolic phase, a move that could outpace previous market cycles.

Rekt Capital highlighted that if Bitcoin manages to confirm a breakout into this historical parabolic phase sooner than expected, it would mark a record-breaking post-halving re-accumulation breakout.

Moreover, the analyst believes that a parabolic surge in Bitcoin’s price could trigger a surge in altcoins, driven by an influx of liquidity into the market.

“A Bitcoin breakout would inject much-needed capital into the entire crypto market, setting the stage for a second-quarter altcoin hype cycle,” he added.

Currently, Bitcoin is trading at $69,208, showing a slight decline of over 1% in the last 24 hours.

Rekt Capital also shared insights on dogwifhat (WIF), cautioning that the memecoin’s bullish trend could be in jeopardy if it fails to maintain a crucial trendline as support.

“The technical uptrend that has been supporting WIF’s price since early March is essential. This trendline must hold to ensure the bullish momentum remains intact,” he explained.

At the time of writing, WIF is priced at $2.93, reflecting a 9.27% decrease in the last 24 hours.

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