Breaking news! Bitcoin is at a crucial moment, a parabolic rebound may be imminent!

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An analyst who continues to attract followers through macro cryptocurrency analysis believes that Bitcoin (BTC) is almost ready to enter the parabolic phase of its market cycle.

Anonymous analyst TechDev told his 490,300 fans on social media platform X that Bitcoin is signaling technical signs prior to significant past increases.

The trader shared a chart showing that Bitcoin took about two years to recover from the bear market bottom and broke through the upper Bollinger Band within two months. Traders use Bollinger Bands to identify potential periods of volatility expansion and determine whether an asset is overbought or oversold.

TechDev's chart also indicated that these two signals appeared in the 2016 and 2020 market cycles—just before BTC triggered parabolic surges.

"Things are getting exciting from here."

Looking at BTC from another perspective, TechDev stated that according to the logarithmic moving average convergence divergence (LMACD) indicator of the king of cryptocurrencies, Bitcoin is in the early stages of a parabolic rise. The LMACD indicator is designed to reveal changes in asset trends, strength, and momentum.

According to the trader's chart, he seems to believe that Bitcoin will reach a cycle top only when the LMACD on the two-month chart touches the resistance level of 0.12. The LMACD of BTC currently appears to be hovering around 0.04.

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