Bitcoin Price Alert: Expert Warns Of Upcoming 25% Drop, Timing And Trends Explained

Bitcoin Price Alert: Expert Warns Of Upcoming 25% Drop, Timing And Trends Explained
After reaching a new all-time high of $99,600 last Friday, the Bitcoin price has retraced to the $94,000 mark for the first time in nearly a week. This pullback comes amid growing speculation about a possible correction following a massive three-week uptrend that saw the leading crypto surge by 40% after Donald Trump’s election on November 5. Bitcoin Price May Drop To $70,500 Market expert and technical analyst Rekt Capital recently voiced concerns on social media platform X (formerly Twitter), drawing parallels with historical price cycles. He highlighted that in the 2013 cycle, the Bitcoin price experienced six weeks of rising prices leading into what is known as “Price Discovery,” followed by its first major correction in Week 7.  Similarly, in the 2017 cycle, a seven-week rally culminated in a significant retracement of 34% in Week 8. In the 2020/2021 cycle, Bitcoin rallied for six weeks before facing its first meaningful pullback of 16%.Currently, Rekt Capital notes that Bitcoin is in the fourth week of its current uptrend.  Related Reading: Ethereum Analyst Predicts $3,700 Once ETH Breaks Through Resistance Based on these historical patterns, it suggests that the ..

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