Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Trader Who Nailed Bitcoin Pre-Halving Correction Sees BTC Kicking Off All-Time High Parabolic Rally – Here’s When

Trader Who Nailed Bitcoin Pre-Halving Correction Sees BTC Kicking Off All-Time High Parabolic Rally – Here’s When

Daily HodlDaily Hodl2025/01/28 16:00
By:by Henry Kanapi

A crypto strategist who accurately called Bitcoin’s correction last year thinks BTC is close to sparking a parabolic rally based on historical precedence.

Pseudonymous analyst Rekt Capital tells his 533,100 followers on the social media platform X that Bitcoin is in week 14 of its price discovery phase – a bull market stage that began when Bitcoin eclipsed its previous cycle’s all-time high late last year.

According to the trader, historical data suggests that BTC may be a couple of weeks away from starting its next leg up.

“In Week 14 of the 2017 cycle, Bitcoin was recovering from its first Price Discovery Correction only to make new highs in Week 16.

In Week 14 of the 2021 cycle, Bitcoin was still just bottoming on its first Price Discovery Correction only to make new highs in Week 16.

It’s Week 14 right now.” 

Rekt Capital notes that traders who refuse to unload their BTC stack amid the correction will likely be rewarded in the coming weeks.

“Based on this data, here is how to approach these upcoming weeks in Price Discovery when it comes to Bitcoin:

Weeks 14-15 = Patiently HODL (hold on for dear life)

Weeks 16+ = Optimistic On Confirmation Of The 2nd Price Discovery Uptrend.”

The trader also highlights that he thinks the Bitcoin bull market has a long way to go.

“It is still relatively early on in the BTC Parabolic Phase of this cycle.

Historically, this phase has lasted on average ~300 days.

Bitcoin is on Day 82 of its Parabolic Phase.”

At time of writing, Bitcoin is trading at $101,163.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X , Facebook and Telegram

Surf The Daily Hodl Mix


Generated Image: DALLE3

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Netflix faces backlash for using AI-generated voice of Gabby Petito

Share link:In this post: Netflix used AI to recreate Gabby Petito’s voice in its new docuseries, and people are calling it disturbing and unethical. Viewers slammed Netflix online, saying AI shouldn’t be used to digitally recreate a murder victim’s voice for a documentary. Gabby’s family approved it, but experts argue that murder victims don’t get a say in how their voice is used after death.

Cryptopolitan2025/02/23 17:22

Trump’s Republican allies unsettled by Elon Musk’s D.O.G.E

Share link:In this post: Elon Musk’s D.O.G.E. has gutted the CFPB, firing employees, shutting down enforcement, and wiping the agency’s name off its headquarters—leaving Trump allies worried it could backfire in court. Russell Vought and other Trump officials fear Elon’s reckless approach could bring lawsuits, allowing the CFPB to survive instead of being quietly dismantled. Government employees are suing the Trump administration anonymously, afraid Elon’s attacks on X and mass firings could put them at ri

Cryptopolitan2025/02/23 17:22

Vitalik Buterin joins the resistance against the UK government’s push for Apple user data

Share link:In this post: Vitalik Buterin criticized the UK government for its recent demands for backdoor access to Apple user data. This will be the first time Apple is disabling its data security tool. Apple reassures users that some data, such as health app data, passwords, and communications on iMessage and FaceTime, will remain end-to-end encrypted.

Cryptopolitan2025/02/23 17:22