A prominent analyst is expressing optimism about Bitcoin's (BTC) future, as the leading cryptocurrency has surged to an all-time high of approximately $93,500.
The analyst, known by the handle Rekt Capital, highlighting that Bitcoin has entered the “parabolic phase” of its market cycle.
Rekt Capital forecasts that Bitcoin will experience several weeks of upward momentum before any significant correction occurs.
Drawing from historical trends, the analyst suggests that Bitcoin has around 40 weeks remaining before it reaches the peak of its current cycle.
This prediction is based on the pattern observed in previous bull markets, which peaked around 518 days after Bitcoin’s halving event in 2017, with a slightly longer span of 550 days in 2020.
The analyst further indicates that the current bull market could extend until mid-September to mid-October 2025, potentially marking the peak of this cycle. He emphasizes that the parabolic phase is just beginning, and it could last for about 300 days, offering substantial gains before the market faces a correction.
JPMorgan analysts are raising doubts about Bitcoin’s role as “digital gold” as demand for traditional gold continues to strengthen.
Cryptocurrency analyst Ali Martinez has raised concerns about Ethereum’s future performance against Bitcoin, suggesting a significant decline could be on the horizon.
The U.S. Bitcoin mining sector is gearing up for potential challenges after President Donald Trump announced new tariffs, set to take effect on April 5.
The cryptocurrency market faced a sharp decline after President Donald Trump announced new tariffs, triggering a sell-off that wiped out around $509 million in value.