Bitcoin (BTC) is poised to enter the parabolic phase of the market cycle, according to a well-known crypto analyst. In a recent strategy session, Rekt Capital, a pseudonymous trader, shared with his large following on X that Bitcoin is just one weekly close away from going parabolic. However, he also suggests that this historic breakout may still be several weeks away. Rekt Capital further predicts that Bitcoin could reach its cycle peak sometime between mid-September and mid-October next year, based on historical patterns. He explains that Bitcoin’s consolidation between $60,000 and $70,000 over the past two months has reduced the current cycle’s acceleration by approximately 80 days. As of now, Bitcoin is trading at $68,571, representing a 2.1% increase in the last 24 hours.