Bitcoin last reached ATH in mid-August and has been heading down ever since.
But while Bitcoin's recent recovery to $117,000 has fueled bullish rhetoric, many investors are wondering how BTC will work, especially after the recent price movement.
Analyst Rekt Capital, one of the key figures in the crypto community, makes impressive predictions.
We are in the final stages of the Bitcoin Bull Run!
At this point, Rekt Capital claimed in his latest video that Bitcoin has entered the final stages of the bull market.
Analysts say BTC currently holds a support level of $114,000, indicating the end of the revision phase and the new all-time highest final uptrend.
However, analysts say a gradual transition to the bear market could begin in the fourth quarter after reaching a new high.
“We are in the final stages of this bull market.
But first, we slowly end this revision period and gradually move towards the latest uptrends towards an all-time high.
After that, it appears that we slowly but surely descend to the bear market. ”
What are the latest situations for Ethereum and Solana?
Apart from Bitcoin, Rekt Capital also shared predictions for Ethereum (ETH) and Solana (SoL).
Therefore, analysts pointed out that Ethereum needs to change resistance to $4,613 to reach the new ATH.
Rekt Capital recently noted that Solana has held a major level of support and has shown a bullish signal. Analysts added that historically above the main SOL resistance levels have usually resulted in rising prices for SOL.
*This is not investment advice.
