Bitcoin enters parabolic phase - this selling point may far exceed 100,000 dollars!
After the 2021 bull market, the market and Bitcoin's attention and adoption rate have increased. This has also triggered a massive bearish wave lasting nearly 2 years, which includes the crash of various cryptocurrencies.
However, as Bitcoin's rise has just begun, the sector has already risen due to FUD and may soon enter a rally following FOMO.
The momentum after Bitcoin's halving has strengthened, and Trump's victory has driven the price of Bitcoin up. The current peak price has already broken 90,000, but it may not hold for long, as the price is ready to rise significantly beyond 100,000.
At the beginning of this month, Bitcoin has established a bottom price of around 70,000, which could push the price to unimaginable levels.
Currently, Bitcoin's momentum is very strong, having entered the parabolic phase. As shown in the figure below, Base 2 has gradually risen from Base 1. Since then, enormous momentum has driven the parabolic upward trend of the current phase. David believes the price may consolidate around 100,000, forming Base 3.
The strong upward trend may continue to the fourth benchmark point, reaching around 100,000. However, the parabola may continue to rise, reaching 130,000, thus completing the curve and reaching the selling point. Therefore, the Bitcoin bull market has just begun, so Bitcoin will remain in an expanding state in the coming months and soon hit eye-catching highs.
From the current perspective, Bitcoin's price has been following a 4-year cycle. Although a revolution is expected this year, the recent surge has maintained the historical pattern. Therefore, it is expected that by 2030, the upward trend will experience several bull and bear markets, but the momentum may remain high, while the bottom may be above the previous one. Thus, regardless of the bearish pressure in between, Bitcoin's price may continue to soar and reach remarkable levels.
If you want to seize this bull market, learning on the go will definitely not be timely; it’s best to have someone guide you quickly.
I am David, welcome to communicate!