Bitcoin Correction to $76,000 Likely a Downside Deviation, According to Crypto Analyst – Here’s Why
Bitcoin’s Bull Market Continues After Recent Correction
An analyst who accurately predicted Bitcoin’s correction in early 2024 believes that the leading cryptocurrency is still in a bull market despite a recent dip to $76,000 in 2025. Rekt Capital, a pseudonymous analyst with a large following on social media, shared his insights on the current state of Bitcoin’s market cycle.
According to Rekt Capital, Bitcoin’s bull market progress is at 82.5%, indicating that there is still room for growth before reaching a peak. The analyst pointed out that market progress tends to speed up during parabolic advances and slow down during deeper retracements.
In a recent YouTube video, Rekt Capital reassured his subscribers that the recent correction to $76,000 is not a signal of the beginning of a bear market. Drawing parallels to historical data, he emphasized that similar downside deviation periods have occurred in the past without leading to a sustained bear market.
Comparing the recent 30% pullback to the 32% correction in 2024, Rekt Capital urged investors to remain level-headed and analyze the charts objectively. He advised viewers to zoom out and look at the bigger picture before jumping to conclusions about market trends.
In technical analysis, a downside deviation occurs when an asset breaks its immediate support, experiences a false breakdown, and then rallies to new highs. This pattern suggests that Bitcoin could be gearing up for another upward movement after the recent correction.
As of the time of writing, Bitcoin is trading at $88,028, showing a 3.4% increase in the last 24 hours. Despite the volatility, many analysts remain optimistic about the long-term prospects of the cryptocurrency market.
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In conclusion, Bitcoin’s recent correction may be a temporary setback in an overall bullish trend. By analyzing historical data and market patterns, investors can make informed decisions about their cryptocurrency holdings. As always, it’s essential to stay informed and approach market fluctuations with a calm and rational mindset.
