Then, again, in the historic 2020-2021 rally, Bitcoin would enter into price discovery and for the next six weeks, it would rally relentlessly. Similar to before, the BTC price would only begin to retrace at the 7-week mark, falling 16% during this time.
This could mean that the rest of the month of July will continue to be bullish for the crypto market, and move into the month of August. However, going by the 6-7-week theory, the end of August will be bearish for the market as the first correction, likely to be an above 30% correction, will happen around this time.
