Bitcoin is on the brink of a major breakout, according to analyst Rekt Capital. If BTC/USD closes above $71,500 this week, it could confirm a shift into a "parabolic phase," ending a lengthy re-accumulation period. This phase could spark a significant bull run, reminiscent of Bitcoin's 2020 surge past $20,000. Currently trading at $75,200, Bitcoin's trajectory is closely watched by traders.

Meanwhile, a massive $9.3 billion influx of stablecoins into exchanges suggests a potential extended crypto bull run. Analysts predict ambitious price targets, with some eyeing six figures soon.