Analysts who correctly predicted Bitcoin’s early 2024 correction believe BTC is still in a bullish market, despite its recent bounce from the 2025 low price of $76,000.
Rekt capital, a pseudonymous analyst on social media platform X tells its 542,00 subscribers that Bitcoin’s bull market cycle is yet to peak.
(Progress will accelerate on parabolic advances and slow down on deeper retraces).” The progress will accelerate on rapid parabolic gains and slow on deep retracements ).”
According to historical precedent, the analyst tells 107,000 YouTube users that Bitcoin’s recent correction of $76,000 does not indicate a new bear market.
Many people are calling this a bearish market. However, it looks like a period of downside deviation that is very similar to the ones we have seen in the past. These downside deviation periods change over time. However, it is important to keep a cool head and to be objective when analyzing the charts.
This was a 30% pullback [in the year 2024]. It is important to stay level-headed, to look at data and charts, to zoom out when you are in doubt .”
A downside deviation in technical analysis is when an asset prints a false break before it ignites a rally and reaches new highs.
Bitcoin has risen by 3.4% over the past 24 hours to $88,028.
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The post Bitcoin Correction at $76,000 is Likely to be a Downside Deviation According to Crypto Analyst. Here’s why may change as new information becomes available.
