Bitcoin has enjoyed six weeks of its latest “price discovery uptrend,” but a correction is now due. Analysis shows that in previous halving cycles, BTC price tends to halt its second uptrend after five to seven weeks. A new dip now would still allow fresh all-time highs in Q4.

Bitcoin may start the last week of its latest “price discovery uptrend” on Monday with the price stuck below $120,000. New findings show that BTC price is running out of time to make new highs. Bitcoin risks keeping its recent $124,500 all-time high in place if it follows historical patterns.

After each halving event, the subsequent bull market contains a succession of uptrends, each accompanied by a correction. The timing of each phase throughout Bitcoin’s lifespan has been roughly similar. A potential upside target for the second uptrend is just below $160,000. Bitcoin’s first corrective phase in 2025 took the price from near $110,000 to under $75,000.

A dip could form the pretext for a larger cycle top to come toward the end of the year. Any larger flushes in the next 1-2 months could be the last larger dip for the Q4 end of the year rally. BTC/USD is up 2.1% in August and September has, on average, delivered a 3.8% price drawdown.

Read more at Cointelegraph: Bitcoin’s Next “Price Discovery Correction” Could Be Around the Corner