CandleFocus Bitcoin on the Cusp of Entering a Parabolic Phase Once Again, According to Crypto Analyst – But There’s a Catch
2025-01-25
Author: Content Editor
According to an analyst known as Rekt Capital, Bitcoin is on the verge of entering another explosive phase in its market cycle. The analyst believes that Bitcoin may soon experience a massive breakout following a recent correction. However, he also warns that a severe correction may follow the next rally, based on historical patterns. The analyst predicts that this potential correction could be deeper than the recent 17% pullback and may cause a lot of retail investors to exit the market. Despite this, the analyst expects Bitcoin to enter a third price discovery phase after the severe correction, indicating that the overall cycle is not yet finished. As of now, Bitcoin is trading at $104,565.
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