{"id":384905,"date":"2025-03-26T05:53:10","date_gmt":"2025-03-26T00:23:10","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-correction-to-76000-likely-a-downside-deviation-according-to-crypto-analyst-heres-why-crypto-news\/"},"modified":"2025-03-26T05:57:03","modified_gmt":"2025-03-26T00:27:03","slug":"bitcoin-correction-to-76000-likely-a-downside-deviation-according-to-crypto-analyst-heres-why-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-correction-to-76000-likely-a-downside-deviation-according-to-crypto-analyst-heres-why-crypto-news\/","title":{"rendered":"Bitcoin Correction to $76,000 Likely a Downside Deviation, According to Crypto Analyst \u2013 Here\u2019s Why &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>An analyst who accurately called Bitcoin\u2019s correction in early 2024 believes <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\/\" rel=\"noopener\" target=\"_blank\">BTC<\/a> remains in a bull market after bouncing from a 2025 low of $76,000.<\/p>\n<p>Pseudonymous analyst Rekt Capital <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/rektcapital\/status\/1903858762449850508\" rel=\"noopener\" target=\"_blank\">tells<\/a> his 542,00 followers on the social media platform X that Bitcoin\u2019s current bull market cycle has yet to reach a peak.<\/p>\n<p><em>\u201cBTC bull market progress: 82.5%. (Progress will speed up on parabolic advances and slow down on deeper retraces).\u201d<\/em><\/p>\n<figure style=\"width: 1200px\" class=\"wp-caption aligncenter\"><figcaption class=\"wp-caption-text\">Source: Rekt Capital\/X<\/figcaption><\/figure>\n<p>The analyst also <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=XXErsG_pBCY\" rel=\"noopener\" target=\"_blank\">tells<\/a> his 107,000 YouTube subscribers that Bitcoin\u2019s latest correction to $76,000 is not the sign of a beginning bear market based on historical precedence.<\/p>\n<p><em>\u201cMany people have been talking about this being a bear market, but it does look like it is a downside deviation period very similar to what we\u2019ve seen back in the past. Obviously, these downside deviation periods are changing across time, but it\u2019s really important to look at the charts in a level-headed manner and try and look at it in an unbiased way and not scream bear market whenever we see a pullback that is actually very similar to the one we saw here [in 2024]. <\/em><\/p>\n<p><em>This was a 32% pullback [in 2024]. This is a 30% pullback [when Bitcoin corrected to the $76,000 range this month], so very similar downside deviation in that regard, but really important to keep level-headed and look at the data, look at the chart, and zoom out when in doubt.\u201d<\/em><\/p>\n<figure id=\"attachment_325617\" aria-describedby=\"caption-attachment-325617\" style=\"width: 2326px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-325617 size-full\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/03\/rekt1_5a1587.jpg\" alt=\"\" width=\"2326\" height=\"1575\" srcset=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/03\/rekt1_5a1587.jpg 2326w, https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/03\/rekt1_5a1587.jpg?resize=300,203 300w, https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/03\/rekt1_5a1587.jpg?resize=768,520 768w, https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/03\/rekt1_5a1587.jpg?resize=1024,693 1024w, https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/03\/rekt1_5a1587.jpg?resize=1536,1040 1536w, https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/03\/rekt1_5a1587.jpg?resize=2048,1387 2048w, https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/03\/rekt1_5a1587.jpg?resize=750,508 750w, https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/03\/rekt1_5a1587.jpg?resize=1140,772 1140w\" sizes=\"auto, (max-width: 2326px) 100vw, 2326px\"\/><figcaption id=\"caption-attachment-325617\" class=\"wp-caption-text\">Source: Rekt Capital\/YouTube<\/figcaption><\/figure>\n<p>In technical analysis, a downside deviation is a setup where an asset breaks its immediate support to print a false breakdown before igniting a recovery and rallying to new highs.<\/p>\n<p>Bitcoin is trading for $88,028 at time of writing, up 3.4% in the last 24 hours.<\/p>\n<p><iframe loading=\"lazy\" title=\"Was The Bitcoin Crash a Bear Trap?\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/XXErsG_pBCY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>\u00a0<\/p>\n<p><em><span style=\"font-size: 13pt;\">Follow us on <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/TheDailyHodl\" target=\"_blank\" rel=\"noopener\">X<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> and <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\" target=\"_blank\" rel=\"noopener\">Telegram<\/a><\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt;\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\" target=\"_blank\" rel=\"noopener\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt;\">Check <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\" target=\"_blank\" rel=\"noopener\">Price Action<\/a><\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt;\">Surf <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&#038;nbsp<br \/>\n<center><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\" width=\"800\" height=\"99\"\/><\/center><\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><em><span style=\"font-size: 10pt;\">Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>An analyst who accurately called Bitcoin\u2019s correction in early 2024 believes BTC remains in a bull market after bouncing from a 2025 low of $76,000. Pseudonymous analyst Rekt Capital tells his 542,00 followers on the social media platform X that Bitcoin\u2019s current bull market cycle has yet to reach a peak. \u201cBTC bull market progress: [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":384906,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-384905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/384905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=384905"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/384905\/revisions"}],"predecessor-version":[{"id":384907,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/384905\/revisions\/384907"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/384906"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=384905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=384905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=384905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}