An expert in the world of cryptocurrency analysis predicts that Bitcoin (
BTC
) could be gearing up for a significant surge in value based on past trends.

Rekt Capital, a trader who shares insights with over 475,500 followers on the social media platform X, suggests that Bitcoin may be on the verge of entering a phase of the market cycle that has historically led to substantial gains in 2020 and 2021.

According to Rekt Capital, “Bitcoin is on the brink of a breakthrough moment.” If Bitcoin manages to break into the historical “parabolic phase” of the cycle, it would be earlier than in previous cycles.

“Bitcoin could be on the brink of making history. This breakout from the re-accumulation range could propel the price into the parabolic phase of the cycle at an unprecedented speed post-halving.”

Additionally, the analyst believes that a parabolic Bitcoin surge would result in a surge in altcoin prices due to increased market liquidity.

“A breakout in BTC could inject vital funds into the entire crypto market, sparking an altcoin hype cycle in Q2.”

As of the time of writing, Bitcoin is trading at $69,208, experiencing a slight decrease of more than 1% in the past 24 hours.

Rekt Capital also shares insights on dogwifhat (
WIF
), warning that failure to maintain a crucial trendline as support could signal the end of the memecoin’s bullish trend.

“This technical uptrend has been crucial since early March and is the key trendline for WIF currently. It must continue to hold to preserve the technical uptrend. This trendline has been tested every time WIF has struggled to break the resistance level at $3.04 or failed to retest it as support.”

At the time of writing, WIF is trading at $2.93, experiencing a decline of 9.27% in the past 24 hours.

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