Broadly adopted crypto analyst Rekt Capital says that Bitcoin (BTC) is probably going present process one in every of its remaining 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 approach 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 subsequent 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 as a way 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 mentioned degree as assist to construct on its momentum in the direction of $101k (black)”
Supply: Rekt Capital/X
Based on the analyst, the flagship crypto asset’s bull market ought to proceed for the remainder of the yr earlier than coming into a bear market in 2026, when it might crash as much as 80%.
“2025 will seemingly see the BTC Bull Market peak & the beginnings of a model new Bear Market (Candle 1)
The vast majority of the Bear Market will happen nonetheless in 2026 (Candle 2)
The Bear Market would final some 365+ days and be between -65% to -80% deep.”
Generated Picture: Midjourney
