#BTC price adjustment, what’s the next market trend? Even if Bitcoin gains half of what it did during price discovery in 2021, that would still propel it to $150,000, one trader said.

Bitcoin may be in for “insane long opportunities” over the coming months, as traders say BTC has now entered a price discovery phase.
“Bitcoin has begun its price discovery phase for this cycle,” said trader and analyst Daan Crypto Trades on X on Dec. 2, noting that the asset has traded above its previous all-time high for almost a month.
He cited previous gains in the past two cycles amid the price discovery stage; Bitcoin
BTC
tickers down
$96,377
went up 1,600% during the 2017 bull market and 245% during the 2021 bull market.
“Even if we’d do half of the 2021 move, that would still put the price at around $150K,” he said.
Price discovery is a process that determines an asset’s fair market price through the interaction of buyers and sellers, and a new phase begins once it trades above all-time highs.
Capriole Fund founder Charles Edwards said: “Every cycle we get 4-7 months of insane Bitcoin price discovery returns,” adding that the first month occurred in November, which saw the asset surge 40% and break monthly candle records.
“The next months will have insane long opportunities,” he predicted. December has also been a bullish month for BTC historically.
#BTC price adjustment, what’s the next market trend?
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