Bitcoin
Bitcoin
$84,434 currently trades about 21% below its all-time high, yet it retains significant bullish potential. Noted crypto analyst Rekt Capital asserts that the current correction is merely a temporary deviation and will not alter the long-term trend. Speaking to his 108,000 YouTube followers, the analyst highlights that such pullbacks are intrinsic to parabolic movements. At the time of writing, Bitcoin is priced at $83,773, and the current price action mirrors similar patterns from past cycles.
“Banana Zone” and Temporary Deviation
Rekt Capital characterizes the recent correction as the “banana zone,” a term denoting when price movements occasionally breach the upward channel. According to the analyst, these types of deviations serve as prerequisites for the continuation of the bullish trend. He argues that such volatility, especially before strong rallies, should be regarded as normal in terms of market psychology. He states, “This is a brief deviation in the banana zone; it will indicate further upward trend,” thereby supporting the bullish scenario. This commentary also reflects the idea that the current correction should not incite panic. The analyst views this process as an opportunity for long-term investors. Rekt Capital draws attention to similar cycles from previous years, noting that in the bullish phases of 2013 and 2017, stronger rallies followed short-term corrections.
Price Discovery Phase Before New Peaks
The analyst predicts that following the current correction, the market will enter a “second expansion” and “price discovery” phase. During this period, prices may fluctuate, but the primary trajectory is expected to be upward. Consolidation in the market is seen as an inevitable stage before reaching new peaks. Rekt Capital encourages investors to exercise patience by comparing this process to historical trends. He reminds them that record levels were often achieved following correction phases in previous cycles. This perspective, grounded in technical analysis, is strengthened by data supporting market psychology. The analyst emphasizes the necessity for investors to carefully monitor this period, highlighting the importance of being prepared for market volatility. Rekt Capital’s evaluations focus on historical data analysis and the psychological impacts of price movements.