Bitcoin’s price continues to test resistance levels over $95,000, in pursuit of reaching and exceeding the $100,000 mark. anticipated $100,000 all-time high. A crypto analyst claims that after its recent surge of $98,000 the BTC has entered the parabolic phase. four-year market cycle.
Read Related Articles
Bitcoin enters parabolic phase
Rekt capital, a popular crypto analyst has declared He told his 517.800 Twitter followers that Bitcoin has now officially become its own “Parabolic Upside phase” This bull cycle. This chart was shared by the analyst. the coin’s price action During the bull cycle of 2021 and current.
Then, it is a halving event The Bitcoin price experienced an explosive rally in 2022 that took it past its previous all-time record of more than $64,000. Bitcoin was experiencing a major correction at the time before entering into its upward phase.
A similar pattern can be observed in the current bull cycle. This indicates that there may be more price increases. BTC’s price has entered a plateau in the last couple of months. re-accumulation phase Characterised by a slight decrease and consolidation, followed by a subsequent upward trend rally above $99,000.
Rekt Capital revealed that BTC, after reaching $98,000 had reached its peak and entered a phase of parabolic growth. The analysts expect that Bitcoin will continue to rise in the bull market.
Rekt Capital, which was founded on November 27, also shared a post Illustration of crypto assets’ steady transition into parabolic phases. The green area on the chart indicated that cryptocurrency was about to exit a phase of reaccumulation and enter a parabolic upward trend.
Bitcoin Price: $100,000 ATH – Now Or Never
Crypto community on a bullish run as analysts and investors broadly anticipate The Bitcoin price has risen to $100,000. Bitcoin has been the leading cryptocurrency for trading. just shy of the $100,000 markA price rise of more than $98,000 was experienced at one point during the week.
The crypto analyst Trader on Crypto X has tapped into the strong bullish trends. announcing The following are some examples of how to use “the clock is ticking” Bitcoin must reach $100,000. Bitcoin could reach the $100,000 milestone in this cycle, according to his statement.
The Traders of Crypto have also said that Bitcoin will soon surpass the $100,000 anticipated all-time high. The analyst maintained that the price of Bitcoin would eventually surpass $100,000. bullish outlook on BitcoinHe has also shown a chart of the price that indicates that cryptocurrency prices could increase. experience a crash Bears taking over could cost you up to $46 757
Read Related Articles
According to CoinMarketCap, the Bitcoin price currently trades at $96,965, indicating a 1% rise in the last 24 hours.
Chart from TradingView, Featured Image from Pexels
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: www.newsbtc.com
