{"id":48672,"date":"2025-08-19T08:03:45","date_gmt":"2025-08-19T08:03:45","guid":{"rendered":"https:\/\/crypto-globe.com\/?p=48672"},"modified":"2025-08-19T08:07:14","modified_gmt":"2025-08-19T08:07:14","slug":"bitcoin-on-the-verge-of-a-new-correction-growth-trend-now-in-its-seventh-week","status":"publish","type":"post","link":"https:\/\/crypto-globe.com\/en\/bitcoin-on-the-verge-of-a-new-correction-growth-trend-now-in-its-seventh-week\/","title":{"rendered":"Bitcoin on the verge of a new correction, growth trend now in its seventh week"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Bitcoin has seen six weeks of growth, and history suggests that a correction is almost inevitable. However, a short-term decline could be healthy and create room for a strong rally in the fourth quarter.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Historical parallels<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Well-known trader Rekt Capital pointed out that Bitcoin is just beginning the seventh week of its second growth trend since <\/strong><a href=\"https:\/\/trader-magazine.com\/news\/less-than-a-month-to-bitcoin-halving-is-skyrocketing-coming\/\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>the halving <\/strong><\/a><strong>in 2024.<\/strong> According to his analysis, these periods after each halving have a similar structure \u2013 growth that is interrupted by a significant correction.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the past, the first phase of the uptrend usually ended between weeks 6 and 8, while the second phase ended between weeks 5 and 7. The theoretical target for this phase is now just below $160,000, but it is precisely during these periods that corrections have occurred \u2013 in 2013 and 2025 in week 7, in 2021 in week 6, and in 2017 in week 8.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What to expect next?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Trader Daan Crypto Trades pointed out that <a href=\"https:\/\/crypto-globe.com\/en\/bitcoin-cryptocurrency-exceeded-124000-for-the-first-time-then-lost-its-gains\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Bitcoin<\/a> has never recorded two consecutive green months in August and September in its history. Therefore, he considers a short-term decline to be a healthy signal. This is because a rapid decline is often followed by an explosive fourth quarter during a <a href=\"https:\/\/crypto-globe.com\/en\/is-the-bitcoin-bull-market-at-risk-due-to-us-recession-fears-not-exactly\/\" target=\"_blank\" rel=\"noopener\" title=\"\">bull market<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If there is a more significant correction in the next 1-2 months, it could serve as a springboard for a rally towards the end of the year. Conversely, skipping the decline could push the peak of the cycle closer to the present. Statistics from <a href=\"https:\/\/www.coinglass.com\/\">CoinGlass<\/a> show that August is currently up 2.1%, which is above the average of 1.8%. However, September figures are historically weaker, with an average decline of around 3.8%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has seen six weeks of growth, and history suggests that a correction is almost inevitable. However, a short-term decline could be healthy and create room for a strong rally in the fourth quarter. Historical parallels Well-known trader Rekt Capital pointed out that Bitcoin is just beginning the seventh week of its second growth trend [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":48664,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[162],"tags":[99,93],"class_list":["post-48672","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","tag-bitcoin-en","tag-cryptocurrencies"],"aioseo_notices":[],"yasr_visitor_votes":{"stars_attributes":{"read_only":false,"span_bottom":false},"number_of_votes":0,"sum_votes":0},"aioseo_meta":{"seo_title":"Bitcoin on the verge of a new correction #separator_sa #site_title","meta_description":"Bitcoin has seen six weeks of growth, and history suggests that a correction is almost inevitable. However, a short-term decline could be healthy and create...","focus_keyword":""},"_links":{"self":[{"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/posts\/48672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/comments?post=48672"}],"version-history":[{"count":1,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/posts\/48672\/revisions"}],"predecessor-version":[{"id":48673,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/posts\/48672\/revisions\/48673"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/media\/48664"}],"wp:attachment":[{"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/media?parent=48672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/categories?post=48672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/tags?post=48672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}