Bitcoin Preparing For A February Rally? Analyst Says New High Is Two Weeks Away

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Bitcoin Preparing For A February Rally? Analyst Says New High Is Two Weeks Away - NewsBTC

Quick Summary:

"In Week 14 of the 2017 cycle, Bitcoin was recovering from its first Price Discovery Correction only to make new highs in Week 16 In Week 14 of the 2021 cycle, Bitcoin was still just bottoming on its first Price Discovery Correction only to make new highs in Week 16,” the analyst detailed.

Related Reading: Tuttle Capital Files For 10 Leveraged Crypto ETFs Including TRUMP And Cardano As a result, Rekt Capital suggests investor "Patienlly HODL” for the next two weeks, as "confirmation Of The 2nd Price Discovery Uptrend” is set to start next month.

The analyst explained that Bitcoin completed its first post-halving Price Discovery Uptrend and first Price Discovery Uptrend Correction.