Broadly adopted crypto analyst Rekt Capital says that Bitcoin (BTC) is probably going present process one in all its ultimate consolidation phases earlier than making a run to new all-time highs.
The pseudonymous dealer tells his 536,000 followers on the social media platform X that Bitcoin has already accomplished its first state of upward worth discovery uptrend, and that one other bullish part is on its means as soon as assist is established.
“BTC is making an attempt to development reverse out of its 1st Worth Discovery Correction
Historical past suggests over the following few weeks…
Bitcoin ought to be capable of embark on its 2nd Worth Discovery Uptrend to new highs.”
Rekt Capital says that Bitcoin wants to start closing above the $97,700 degree to be able to start its subsequent transfer.
“Bitcoin continues to get pleasure from worth stability on the blue diagonal trendline assist which is a optimistic
Nevertheless, BTC wants a Each day Shut above ~$97700 (mild blue) and/or reclaim stated degree as assist to construct on its momentum in direction of $101k (black)”
In response to the analyst, the flagship crypto asset’s bull market ought to proceed for the remainder of the 12 months earlier than coming into a bear market in 2026, when it may crash as much as 80%.
“2025 will possible see the BTC Bull Market peak & the beginnings of a model new Bear Market (Candle 1)
Nearly all of the Bear Market will happen nevertheless in 2026 (Candle 2)
The Bear Market would final some 365+ days and be between -65% to -80% deep.”
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