A prominent market analyst is optimistic about Bitcoin's future, following its substantial gains over the past month.
Rekt Capital says that Bitcoin is entering the early stages of what he describes as a “parabolic phase” in its price cycle. Historically, this phase tends to last around 300 days, indicating that Bitcoin’s current rally might still have significant room to grow.
Rekt Capital notes that Bitcoin’s parabolic movement has just begun, marking only 16 days into the cycle so far. The cryptocurrency’s value currently stands at $97,465, reflecting an impressive 45% surge over the last 30 days.
Drawing comparisons to previous bull cycles, he highlights that in 2017, Bitcoin advanced for eight weeks before experiencing a notable correction. Similarly, in the 2020-2021 cycle, it took four weeks of upward momentum before a pullback occurred. By this measure, the current cycle remains early, with just three weeks of gains recorded so far.
The trader also cautions that Bitcoin’s ultimate peak could be unpredictable, likely occurring when market participants least expect it.
Recent reports suggest that El Salvador’s 6,114 BTC, claimed by the government, may actually be controlled by the crypto exchange Bitfinex.
Under the guidance of Cathie Wood, ARK Invest has significantly bolstered its Bitcoin holdings, purchasing 997 BTC, valued at approximately $80 million, on March 13, 2025.
Bitcoin ETFs saw significant outflows on Thursday, totaling $143.3 million, based on data from Farside Investors.
Jack Mallers, CEO of the Bitcoin wallet and payments platform Strike, has shared his bold vision for the future of Bitcoin, stating that its market cap could increase by trillions of dollars.