After being in existence for over 15 years, Bitcoin has established a variety of developments that analysts throughout the board have pointed to for historic worth. Certainly one of these developments that has been established is the variety of weeks that the Bitcoin worth has rallied in every cycle earlier than it saw a major pullback. As a result of similarity of every cycle through the years, one development has stood out specifically, and that’s the 6-7 week development that always predicted when a serious Bitcoin correction was due.
Understanding The 6-7-Week Bitcoin Idea
In an X publish, common crypto analyst Rekt Capital explained how Bitcoin worth corrections have labored previously cycles in a bid to know when the subsequent correction could possibly be on the way in which. Pointing to a recurring development, the analyst first opened with the 2013 cycle when Bitcoin had rallied, displaying how a lot time the cryptocurrency’s worth rose earlier than it started to fall. Again in 2013, the Bitcoin price had risen for the primary six weeks after getting into into worth discovery. Solely on the seventh week did the cryptocurrency see its first main correction.
Subsequent was the 2017 cycle when Bitcoin had gone into worth discovery and rallied for upwards of seven weeks. This regular sample pushed the price to new all-time highs after rallying for nearly two months. Finally, it was not till the eighth week that BTC skilled its first main worth correction. It might fall 34% throughout this time, signaling the tip of the rally.
Then, once more, within the historic 2020-2021 rally, Bitcoin would enter into worth discovery and for the subsequent six weeks, it might rally relentlessly. Much like earlier than, the BTC worth would solely start to retrace on the 7-week mark, falling 16% throughout this time.
The identical development additionally performed out in early 2025 when the Bitcoin worth rallied for seven weeks earlier than correcting by 32% to the $75,000 territory within the first quarter of the yr. This reveals an alternation between six and 7 weeks of rallying earlier than a serious correction. However however, one factor stays fixed: as soon as Bitcoin enters into price discovery, it tends to have at the very least six weeks of runway earlier than experiencing its first main correction.
The place BTC Is In This Cycle
The present rally has already seen the Bitcoin worth break into the $120,000 territory, which is uncharted territory for the digital asset. Nonetheless, because the analyst factors out, the BTC price has only been rallying for 2 weeks thus far after the cryptocurrency entered into worth discovery.
Going by the 6-7-week alternating development, it raises the possibility that this price discovery will last for six weeks. On condition that it is just Week 2, in keeping with Rekt Capital, there may be theoretically one other month of upside to return earlier than the Bitcoin worth faces its first actual rejection and subsequent correction.
This might imply that the remainder of the month of July will proceed to be bullish for the crypto market, and transfer into the month of August. Nonetheless, going by the 6-7-week concept, the tip of August might be bearish for the market as the primary correction, more likely to be an above 30% correction, will occur round this time.
Featured picture from Dall.E, chart from TradingView.com
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