Bitcoin’s climb back above $117,000 has reignited bullish chatter, even as the market remains cautious following weeks of downward pressure from its August peak.
Bitcoin’s climb back above $117,000 has reignited bullish chatter, even as the market remains cautious following weeks of downward pressure from its August peak.
Bitcoin’s climb back above $117,000 has reignited bullish chatter, even as the market remains cautious following weeks of downward pressure from its August peak. For many, the big question now is whether this recovery marks the start of one last surge before conditions shift.
Crypto analyst Rekt Capital believes the answer is yes. In a recent market update, he argued that Bitcoin has entered the closing phase of its bull run. According to him, the $114,000 zone has acted as a critical support during the correction, positioning BTC for another push to new all-time highs. However, he cautioned that any breakout could be followed by a gradual move into bearish territory later this year, likely in the fourth quarter.
The analyst framed this as a natural progression: corrections giving way to renewed momentum, then eventually the slow onset of a broader downtrend. In his words, the market may still deliver record-breaking highs, but traders should also prepare for the first signs of a bear cycle.
Ethereum and Solana also came under focus in his outlook. For ETH, he pointed to $4,613 as the key barrier. A flip of that level into firm support, he suggested, would clear the path to fresh highs. Solana, meanwhile, is holding its ground at crucial support points. Historically, similar setups have preceded strong rallies whenever SOL managed to push through overhead resistance.
As Bitcoin eyes another possible record and major altcoins consolidate, investors are watching closely to see if this really is the final chapter of the bull market — or the prelude to the next downturn.
