The crypto strategist known as Rekt Capital believes that Bitcoin (BTC) is on the verge of a parabolic rally based on historical patterns. Rekt Capital suggests that BTC is currently in week 14 of its price discovery phase, which is the bullish stage that began when Bitcoin surpassed its previous all-time high last year. The analyst points to historical data, comparing the recovery periods in week 14 of both the 2017 and 2021 cycles, which resulted in new highs in week 16. Rekt Capital advises BTC holders to hold onto their assets during the current correction and is optimistic about the coming weeks. The analyst also believes that the Bitcoin bull market still has a long way to go, as the average duration of the parabolic phase is around 300 days, and BTC is currently on day 82. At the time of writing, Bitcoin is trading at $101,163.



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