Bitcoin (BTC) Is Probably Undergoing One of Its Final Consolidation Phases Before Making a Run to New All-Time Highs, Says Rekt Capital

The pseudonymous trader tells his 536,000 followers on the social media platform X that Bitcoin has already completed its first state of upward price discovery uptrend

Cryptocurrency analyst Rekt Capital believes that Bitcoin (BTC) is preparing for one final consolidation period before attempting to reach new all-time highs.

The pseudonymous analyst tells his 536,000 followers on the social media platform X that Bitcoin has already completed its first wave of upward price discovery and that another bullish trend is expected to follow once support is established.

“BTC is trying to trend reverse out of its 1st Price Discovery Correction.

History suggests over the next few weeks…

Bitcoin should be able to embark on its 2nd Price Discovery Uptrend to new highs.”

According to Rekt Capital, Bitcoin needs to start closing above the $97,700 level for its next move.

“Bitcoin continues to enjoy price stability at the blue diagonal trendline support which is a positive.

However, BTC needs a Daily Close above ~$97700 (light blue) and/or reclaim said level as support to build on its momentum towards $101k (black).”

The analyst adds that the flagship crypto asset’s bull market is expected to last throughout 2025 before transitioning into a bear market in 2026, which could see BTC crashing by up to 80%.

“2025 will likely see the BTC Bull Market peak & the beginnings of a brand new Bear Market (Candle 1).

The majority of the Bear Market will take place however in 2026 (Candle 2).

The Bear Market would last some 365+ days and be between -65% to -80% deep.”