Ah, Bitcoin! That capricious creature of the digital realm, once again dancing on the precipice of fate, as if the gods of finance themselves had taken to the stage with a farcical ballet. Analysts, those modern-day soothsayers, proclaim that the world’s most enigmatic cryptocurrency is repeating its steps, though not in exact measure-no, it merely rhymes, like a drunken poet stumbling through a verse. For the seasoned investor, this is both a carnival of excitement and a wakeful nightmare as the year limps toward its finale. 🎭
The cycle clock ticks with absurd precision
Behold, the wise Benjamin Cowen, who declares that Bitcoin’s previous cycles lasted a mere 1,060 days before reaching their zenith. Today, we stand at day 1,016-a number that whispers of destiny. In the tongue of common men: if history waltzes to its old tune, Bitcoin might crown itself sometime between October and December. But ah, the irony! October, that blustery month, has never been its stage for glory. November and December, those haughty siblings, have always stolen the spotlight. Yet here we are, with October thrust into the limelight, a spectacle worth gawking at with wide, anxious eyes. 🕰️
And what of the “danger weeks,” those tempestuous intervals of price discovery? Rekt Capital, that shrewd observer of chaos, dissects Bitcoin’s journey week by week, revealing a pattern as predictable as a Gogol protagonist’s misfortunes:
- In 2013, six weeks of ascent, then Week 7-a sharp correction, like a slap from a disgruntled landlady. 👋
- In 2017, seven weeks of euphoria, only to crash 34% in Week 8-a dramatic fall from grace. 🪂
- In the 2020-21 saga, six weeks of triumph, followed by a 30% pullback-a reminder of mortality. ⚰️
- In the current 2025 cycle, seven weeks of glory, then a 32% slide-a comedown as inevitable as a Russian winter. ❄️
- And now? We’ve just entered Week 6 of the second price discovery uptrend-and the pullback has begun, as punctual as a bureaucrat’s tea break. ☕
Rekt Capital dubs Weeks 6 to 8 the “problem weeks,” when volatility spikes and traders are shaken like leaves in a storm. Yet, fear not, dear reader! History whispers that these turbulent weeks also birth opportunities, like a phoenix rising from the ashes of a poorly written novel. 🦅
Today’s chart: a rejection as cold as a St. Petersburg winter
On the charts, Bitcoin has rejected resistance around $114,000 on the daily timeframe-a snub as brutal as a critic’s review of a first-time author.
This rejection aligns perfectly with the historical script: a mid-cycle pullback when all seemed invincible, like a hero’s downfall in a Gogol tale. Will Bitcoin rise again, or will it succumb to the whims of fate? Only time-and perhaps a touch of absurdity-will tell. 🌪️
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2025-08-22 09:52