Bitcoin Price Correction Likely as Uptrend Approaches Historical Patterns; Could Q4 Bring New All-Time Highs?

• Bitcoin’s current “price discovery uptrend” is approaching its seventh week, indicating a likely correction.

• Historical analysis shows BTC typically halts its second uptrend after five to seven weeks.

• A dip now could still set the stage for new all-time highs later this year.

Bitcoin price analysis indicates a potential correction after six weeks of gains, with expectations for new highs in Q4. Stay informed!

What is Bitcoin’s Price Discovery Correction?

Bitcoin’s price discovery correction refers to a phase where the price stabilizes or declines after a significant uptrend. This typically occurs after several weeks of gains, as seen in previous halving cycles.

How Does Bitcoin’s Price Trend After Halving?

Historically, Bitcoin’s price tends to follow a pattern post-halving, characterized by successive uptrends followed by corrections. Data shows that after each halving, the second uptrend usually concludes within five to seven weeks, as noted by trader Rekt Capital.

‘,
‘

🚀 Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!

‘,
‘

📈 Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!

‘
];

var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();