Important points
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Bitcoin is enjoying its best six-week run. “price discovery uptrend” — but a correction is now due.
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In previous halves cycles, the BTC prices tend to stop their second uptrends after five to seven week.
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Even if the market dips again, Q4 could still see new all-time records.
BitcoinBTCThe last week in a year may be the start of ). “price discovery uptrend” On Monday, the price was stuck at $120,000.
Recent findings released Sunday RektCapital, the popular trader/analyst, has shown that BTC is not going to reach new heights.
Bitcoin hits the Classic “price discovery correction” zone
Bitcoins risk keeping their recent value $124,500 all-time high in place — if it follows historical patterns.
Rekt Capital informed X investors that Bitcoin will soon enter the seventh week in its second bull market. “price discovery uptrend” Since its 2024 halving.
The bull market that follows each event of halving is characterized by an uptrend, followed by corrections. Each phase of Bitcoin’s life has roughly followed a similar pattern.
“Historically, Bitcoin Price Discovery Uptrend 1 tends to end between Week 6 & 8 of its uptrend. Whereas in Price Discovery Uptrend 2, Bitcoin tends to end its uptrend between Week 5 & 7,” Rekt Capital summarized.
“Week 7 of Price Discovery Uptrend 2 begins tomorrow.”
An earlier chart shows that a second upward trend could have a target of just under $160,000.
“But if we think critically about previous Price Discovery Corrections across the cycles… Then only one of them started in Week 8 (2017), one of them started in Week 6 (2021) and and two of them started in Week 7 (2013 and 2025),” A newsletter Topics observed during July
In 2025, Bitcoin’s first corrective phase took the price from near $110,000 to under $75,000 — a roughly 30% drawdown Not uncommon during previous halves cycles.
BTC Price to reach new highs in Q4
Daan crypto Trades continued by stating that BTC/USD still hasn’t delivered. “green” Back-to-back August and September.
Related: Ether unstaking queue hits $3.8B: What does it mean for ETH price?
A dip in the cycle could be the precursor to a bigger top at the end of the calendar year.
“We tend to see a quick flush followed by an explosive Q4 in most of the bull market years,” Part of an X post The Sunday after Easter is known as the “Sunday before Easter”.
“Any larger flushes in the next 1-2 months would be welcomed and could very well be the last larger dip for the Q4 end of the year rally which we see so often. If not, that’s fine too but I think it would pull forward a bigger high timeframe top as well.”
The monitoring resource provides data CoinGlass BTC/USD was up 2,1% in August. This is already slightly more than the 1,8% average. In contrast, September has seen an average price decline of 3.8%.
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Source: cointelegraph.com
