Bitcoin’s Expected Parabolic Rise

MartyParty’s Bitcoin price forecast suggests that the largest cryptocurrency is approaching a parabolic rise following a correction due to escalating conflict in the Middle East. Currently, Bitcoin’s price stands at $61,717. According to the analyst, a further drop to $60,000 may be necessary to initiate this potential parabolic rise.Highlighted Altcoins

MartyParty noted in his analysis based on the Wyckoff Accumulation model that Bitcoin is currently in Phase D, approaching the support level around $60,000. A breakout from the consolidation zone towards $67,000 would indicate the model’s final phase, with potential for prices to exceed $89,982.