Bitcoin's Bullish Momentum: A Trillion-Dollar Comeback and Future Prospects
Bitcoin has entered a parabolic phase, according to crypto strategist Rekt Capital, who suggests this phase could last around 300 days, with Bitcoin currently on day 34. The cryptocurrency recently closed above $100,000 for the first time, though it is trading at $96,862 at the time of writing. Rekt Capital also notes that Bitcoin is 55% through its current bull market. In the altcoin market, the OTHERS chart, which excludes the top 10 coins and stablecoins, faces resistance at $425 billion but is expected to overcome it eventually.