Ethereum

Rally

Bitcoin

Rekt

<p>According to analyst Rekt Capital’s <a href="https://x.com/rektcapital/status/1757428094091010246?s=20" target="_blank" rel="nofollow">newsletter</a>, the Bitcoin “Pre-Halving Rally” phase began earlier than expected. Rekt Capital noted that Bitcoin had broken away from its Pre-Halving Downside period and entered a new Pre-Halving Rally phase. “The Pre-Halving Rally phase has begun, a little ahead of schedule,” noted Rekt Capital.</p> 
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<p>This Bitcoin breakout has major implications for the wider altcoin market. Rekt Capital explained that it is “kickstarting a new Money Flow Cycle.” Altcoins have started to react to Bitcoin’s new pre-halving rally stage. Besides, Rekt Capital analyzed that altcoin market capitalization broke out from its bullish pennant formation over the past few weeks, representing a historic breakout from this structure.</p> 
<h2 class="wp-block-heading" id="strong-breaking-out-altcoins-follow-bitcoin-s-lead-strong"><strong>Breaking Out: Altcoins Follow Bitcoin’s Lead</strong></h2> 
<p>As Rekt Capital pointed out, “After extended consolidation at highs, Altcoin Market Cap is ready for a new uptrend. Historically, yellow-circled retests have preceded uptrends to revisit the blue level at $250bn, which would set up another retest (blue-circled retest). Altcoins are going to increase in valuations over the coming several weeks.” Hence, with the altcoin market cap breakout, valuations of individual altcoins like Ethereum are anticipated to rise.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="735" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-496-1024x735.png" alt="" class="wp-image-437736" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-496-1024x735.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-496-300x215.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-496-768x551.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-496-1536x1102.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-496-2048x1469.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-496-209x150.png 209w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-496-100x72.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-496-488x350.png 488w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-496-788x565.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-496.png 984w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Rekt Capital discussed Ethereum’s price movement in detail . As predicted, Ethereum has rallied 15% from its range low and is moving towards its range high of $2791. “Generally, the fact that Altcoin Market Cap and Ethereum have broken out, shows that Ethereum is following Bitcoin and with time – Altcoins will too,” noted Rekt Capital.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="732" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-497-1024x732.png" alt="" class="wp-image-437744" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-497-1024x732.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-497-300x214.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-497-767x548.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-497-1536x1097.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-497-2048x1463.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-497-210x150.png 210w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-497-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-497-490x350.png 490w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-497-788x562.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-497.png 991w" sizes="(max-width: 1024px) 100vw, 1024px">
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<h2 class="wp-block-heading" id="strong-altcoins-bottoming-out-for-a-bullish-cycle-strong"><strong>Altcoins Bottoming Out for a Bullish Cycle</strong></h2> 
<p>Moreover, this timing is beneficial as altcoins are currently in their lowest hype period for Q1 after experiencing significant retracements from late 2023 highs, according to Rekt Capital’s analysis. “Now, Altcoins should be bottoming in preparation for their next wave up,” commented Rekt Capital.</p>  
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<p>As per highly-regarded analyst Rekt Capital, the Bitcoin halving pre-rally has started alongside bullish breakouts in the altcoin market cap and Ethereum price. Individual altcoins are anticipated to follow the upward trajectory of Bitcoin and Ethereum over the coming weeks as they bottom out of their low hype cycle.</p> 
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<p>The post <a href="https://captainaltcoin.com/bitcoin-pre-halving-rally-has-begun-but-ethereum-and-altcoins-will-follow-btc-heres-why/">Bitcoin Pre-Halving Rally ‘Has Begun,’ but Ethereum and Altcoins Will Follow BTC – Here’s Why</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Bitcoin Pre-Halving Rally ‘Has Begun,’ but Ethereum and Altcoins Will Follow BTC – Here’s Why

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