69 minutes | Nov 5th 2020

Bitcoin hits $15K - What to expect from the 2021 bull cycle

Play
Like
Play Next
Mark Played

Rekt Capital, a Forbes featured crypto technical analyst and trader returns for his second appearance on the Crypto Conversation. As Bitcoin surges through $15,000 to hit its highest price since January 2018, Rekt Capital says this bull cycle is just getting started. 

Guest:

Rekt Capital

Why you should listen:

Rekt Capital is an astute analyst who specializes in technical analysis and trading psychology. He has written three recent research articles, analyzing the effect of the Bitcoin Halving on price, dissecting Bitcoin’s Four Year Cycle to better understand Bitcoin’s price trajectory, and the Crypto Money Flow Cycle to track the movement of capital from Bitcoin to mid-caps to small-caps and back.

Key takeaway:

Rekt Capital says that if we assume the rate of diminishing Post-Halving returns remain constant, Bitcoin could rally exponentially to a relatively conservative new all-time-high of ~$90,000 in 2021. However, this conservative extrapolation of current Post-Halving bull trends by the standards of Bitcoin’s price history doesn’t account for upside wicks past key resistances. This means Bitcoin could overextend past $90,000 and even beyond the psychological level of $100,000 before finally rejecting.

Want to get $50 OFF Rekt Capital’s Technical Analysis course? Simply follow this link and use the discount code “cryptoconversation” in the Discount Code field.

Supporting links:

Bitcoin After The Halving

Bitcoin’s Four Year Cycle

Crypto Money Flow Cycle

Rekt Capital Newsletter

Andy on Twitter 

Brave New Coin on Twitter

Brave New Coin

If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.

Play
Like
Play Next
Mark Played