Bitcoin Positioned for a Surge as Price Discovery Phase Progresses

A well-known crypto analyst believes Bitcoin could be on the verge of a massive rally, drawing insights from previous market cycles.

The strategist, known as Rekt Capital, has pointed out that Bitcoin is currently in the 14th week of its price discovery phase—a stage that began when BTC surpassed its previous all-time high late last year.

Looking at historical trends, he suggests that Bitcoin may be just weeks away from its next major breakout. In past cycles, BTC showed similar behavior: in both 2017 and 2021, the 14th week saw a period of consolidation, followed by new highs by the 16th week. If history repeats itself, a surge could be imminent.

He advises investors to remain patient during this period, emphasizing that holding through short-term corrections has historically paid off. Based on his analysis, weeks 14 and 15 require patience, while a confirmed uptrend beyond week 16 could signal a strong bullish continuation.

READ MORE:

UK May Sell $6.27 Billion in Bitcoin to Address Fiscal Deficit

Rekt Capital also believes the broader bull market is still in its early stages. He notes that Bitcoin’s parabolic growth phase typically spans around 300 days, while the current phase has only lasted 82 days so far. If the pattern holds, there could still be months of upside ahead.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.