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Rekt Capital, a cryptocurrency strategist, suggests that Bitcoin 
$103,940 is currently in a price discovery phase, having entered its 14th week in the current market cycle. Historical data indicates that this period often serves as a catalyst for significant price increases. The strategist encourages patience among traders, highlighting that past cycles have demonstrated similar patterns of growth.
Bitcoin’s 14th Week and Rising Signals
According to Rekt Capital, Bitcoin has reached a critical milestone in its price exploration during the 14th week. Analyzing data from the 2017 cycle reveals that Bitcoin began to recover around this stage, achieving new highs by the 16th week. The analyst believes a comparable scenario may unfold this time, suggesting potential for a price rebound.
The current market data exhibits similarities to previous cycles, particularly in the patience rewarded to holders during the 14th and 15th weeks. Historical trends suggest that a robust surge could occur starting from the 16th week. Investors adopting a HODL strategy during this timeframe may see profitable returns in the long run.
Critical Alerts for Traders
Rekt Capital emphasizes that Bitcoin is nearing a pivotal threshold in its pricing journey. The analyst reiterates that the 14-15 week period requires patience, as those who hold their assets are likely to benefit significantly if historical patterns hold true. Following this phase, Bitcoin historically demonstrates a powerful upward trajectory.
It is anticipated that a second price discovery phase may commence after the 16th week. The analyst urges traders to closely monitor the market to avoid missing out on potential gains. As the bull market approaches its final stages, increased volatility may also be expected, warranting cautious strategies.
Currently, Bitcoin’s price stands at $101,163, and traders are advised to act wisely and cautiously. While the cryptocurrency market carries inherent risks, historical data bolsters the likelihood of an upward trend.
