Bitcoin Dip Setting BTC Up for ‘Final Price Discovery Uptrend’ to New All-Time Highs, According to Trader That Called January Correction
A closely followed crypto analyst says that Bitcoin’s latest dip is setting BTC up for one last explosive breakout this cycle.
Crypto trader Rekt Capital tells his 556,900 followers on X that Bitcoin is likely on the verge of entering a third and final price discovery phase, based on patterns seen in prior cycles.
In trading, price discovery generally refers to an asset soaring to uncharted territory and new all-time high levels.
“At this moment in the cycle, Bitcoin started pullbacks in 2017 and 2021. In 2017, it was a one-week retrace that was -29% deep. In 2021, it was a three-week retrace that was -25% deep. Each of these were shallower and quicker compared to previous retraces in their respective cycles. And the shallow and quick nature of each of these retraces were key technical ingredients to preceding strong upside in the respective uptrends that followed.
Should Bitcoin indeed start a retrace now, a shallower and quicker retrace would not just align with historical cycles, but also represent key technical ingredients to setting up a strong, final Price Discovery Uptrend Three.”
The analyst also says that Bitcoin may first have to decline below the $114,000 level before printing new all-time highs.
“Bitcoin could be on the cusp of Price Discovery Correction Two, but it would need to convincingly lose $114,000 first. And seeing as the final pullbacks in the cycle have been shorter and shallower, it’s key this one becomes shorter and shallower as well.”

Lastly, the analyst says that Bitcoin is expected to retrace this week based on historical precedent.
“Historically, Bitcoin Price Discovery Uptrend One tends to end between week six and eight of its uptrend, whereas in Price Discovery Uptrend Two, Bitcoin tends to end its uptrend between week five and seven. Week seven of Price Discovery Uptrend Two begins [Monday].”
Bitcoin is trading for $116,366 at time of writing, down 1.6% in the last 24 hours.
Generated Image: Midjourney
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.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More








