Bitcoin has been predicted to reach a historical record in value

Industry experts are actively discussing what to expect from the main digital currency in the near future. According to a popular analyst known as Rekt Capital, bitcoin is likely to copy the bullish cycles observed in 2016 and 2020.

The expert emphasized that, according to statistics, BTC $62,924.40 Bitcoin 2.12% Market capitalization $1.24 trillion VOL. 24 hours $1.36 billion often goes into a deep correction before halving. Rekt Capital believes that there are prerequisites that suggest that the dynamics will be repeated this year. The expert does not rule out that a downward trend may soon form, against which the quotes will reach the level of $ 45,000.

According to Rekt Capital, the market flagship is within the global uptrend. «There is every chance that after the halving, BTC quotes will be able to update the historical high of $ 69,000,» the analyst emphasized.

Rekt Capital also recently expressed optimism about SOL’s potential for significant growth. The expert emphasized the importance of the coin’s potential drop to the $ 98.98 range, suggesting that such events could serve as an opportunity to update the old range low. This, in turn, could pave the way for a potential rally, with a target of $ 115.