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This week, Bitcoin (BTC) has recovered from its recent drop below the $100,000 level and is attempting to turn the crucial $108,000 resistance into support for the fourth time. As we approach the second half of 2025, a market watcher has shared his forecast for BTC.
On Thursday, analyst Rekt Capital shared a roadmap for BTC for the rest of the year. He noted that this cycle has been truly a cycle of re-accumulation ranges, explaining that these have formed throughout the cycle since the end of 2022 and evolved since the Bitcoin Halving last year.
In the pre-having period, BTC registered brief price deviations with downside wicks below the re-accumulation range lows in the weekly chart. Meanwhile, the post-halving period has seen Bitcoin deviations occur with multi-week clusters of full-bodied candles below the range lows.
For instance, after its first price discovery uptrend, which lasted around seven weeks, BTC moved within its re-accumulation range for about ten weeks. Then, it transitioned into the first Price Discovery Correction, recording a nine-week downside deviation below the range lows before breaking out and rallying past the range highs toward a new ATH last month.
Its past performances suggested that BTC was ready to enter its second Price Discovery Uptrend. But as Rekt Capital detailed, a transitional period has occurred for the first time, with price consolidating around the re-accumulation range high area.
According to the analyst, this is perhaps the first time that were seeing a deviation occur below the range high, making this area a crucial level to transition into a new uptrend.
We never really had to pull back substantially, maybe, until that final corrective period, which would last multiple months, but each re-accumulation range would see quite a bit of upside, and that upside would be very quick and no real post-breakout retesting, no real pausing. What we’re seeing here is something very, very different.
Based on its new transition period, the key level for Bitcoin to reclaim in the weekly timeframe is the $104,400 support, which it held for nearly seven weeks before the recent pullbacks. This level was lost after BTC closed last week below it and “should not become a resistance level.”
To the analyst, its key that this weeks close solidifies the price recovery as it would position the cryptocurrency for a retest and confirmation of $104,400 as support and continue the build the base around this area to transition into the next multi-week Price Discovery Uptrend.
Rekt Capital added that the timeline for BTCs next uptrend will depend on the length of the new transitional period. However, he believes that it will take a bit longer to break out.
Additionally, he suggested that what comes after the upcoming uptrend will also depend on how long it takes, as it could lead to an extended cycle or a prolongation of this phase, which could push the cycle peak into deeper stages of 2025.
Nonetheless, the analyst affirmed that its crucial that the next corrective period, which could see Bitcoin drop between 25% to 33%, is short to potentially enjoy a third Price Discovery Uptrend before the bear market.
As of this writing, BTC is trading at $107,555, a 3.2% increase in the weekly timeframe.