Bitcoin’s Explosive Upside Potential Still in Play, Analyst Predicts More Corrections Ahead

A well-known analyst who accurately predicted Bitcoin’s pre-halving pullback last year is still optimistic about BTC’s potential for a major upward move, despite recent price corrections.

The analyst, known as Rekt Capital, states that Bitcoin is still in what he calls the “banana zone,” a term referring to a phase of rapid and explosive price surges that often includes multiple corrections.

Rekt Capital explained that the banana zone isn’t a straightforward, linear ascent. Instead, it involves a series of price discovery phases, including upward trends followed by corrections.

He pointed out that Bitcoin is currently experiencing one of these corrections, but that this is typical in the broader context of strong, parabolic growth.

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The analyst noted that in past market cycles, Bitcoin has experienced several price corrections during this “banana zone” phase.

For example, in 2021, Bitcoin saw three corrections, while 2017 experienced four. Based on this historical trend, he believes Bitcoin could experience at least one more correction before continuing its upward trajectory.

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Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.