Near the year’s close, Bitcoin (BTC) and most cryptocurrencies saw monthly lows. Bitcoin Rally Crash, However, the market is showing signs of improvement, and some analysts have already predicted the bull market of 2025 and the performance of Bitcoin (BTC) as the flagship cryptocurrency retests important milestones.
Could the Bitcoin Crash Be Over Soon?
Bitcoin has progressively reclaimed $96,000 over the past three days, with a brief trading near $98,000 on Thursday afternoon. The biggest cryptocurrency dropped this crucial range last week and couldn’t recover for six days. This support zone has been crucial since mid-November. However, the New Year’s rebound boosted Bitcoin’s price by 5%, keeping it above $96,000 for the day. Several Crypto analysts say Bitcoin must regain the $97,300 support zone to reverse its short-term bearish trend. Retesting this level yesterday after a week did not hold.
Bitcoin’s Parabolic Phase Ends
However, Crypto researcher Rekt Capital has noted that the ninth week of the “parabolic upside phase” after the halving is “slowly ending,” suggesting that BTC’s correction will soon cease. After each halving event, Bitcoin enters a 300-day parabolic period, according to the expert. Bitcoin usually has its first major decline one month after price discovery. Every parabolic phase’s initial “Price Discovery Correction” in Weeks 6–8 involves a 25% retracement.
Bitcoin Correction & Bear Market
Market observers attribute the 15% correction. That happened during this cycle’s Week 7 retreat to the trend of smaller corrections. “Once Bitcoin Recovery clears its historically corrective weeks,” Rekt Capital said, the flagship cryptocurrency will provide many positives. The analyst also predicted the “very beginnings of a brand new bear market.” after Bitcoin’s high this year. He stated that 2019 will see the biggest market drop, “between -65% to -80% deep.”
Bitcoin Should Have an Ideal Q1
Since Bitcoin has been “chopping around the $100,000 level for six weeks now,” Daan’s Crypto trades reveal a lot of liquidity. He said, “There should be plenty of fuel to propel this higher” at $100,000 and above. Bitcoin Rally Crash, Bitcoin is “trading right around the high volume node,” a trader says. Trades were focused at these prices.
Price movement is faster when separated from high-volume regions. The 4H 200MA and EMA may protect that break’s top. A $98,000 break could “start the party,” said Daan. Return to all-time highs “The $95,000 support zone is key. He said Q1 is usually “pretty positive,” but this quarter will be “an interesting race between BTC and ETH.” Given this history, the trader expects top cryptocurrencies to start the year well.
Summary
BTC and the cryptocurrency market hit monthly lows but are recovering. Bitcoin has returned to $96,000, with many anticipating a 2025 bull market. Analysts expect BTC to stabilize soon after its current drop. Bitcoin often has a parabolic phase followed by a 25% decrease following halving. Experts predict an 80% bear market plunge for Bitcoin after its high. However, Bitcoin Recovery is expected to do well in Q1, with $100,000 in resistance and support.
