Charles Edwards, a prominent crypto analyst and founder of Capriole Investments, has shared a bold prediction: Bitcoin (BTC) is poised for a parabolic rally once it surpasses $100,000. Based on historical patterns observed in the past three cycles, Edwards believes the largest cryptocurrency is on the brink of a ballistic price surge.
The Parabolic Phase: Once Every Four Years
Edwards explained that Bitcoin enters a parabolic growth phase only once every four years. During this phase, the cryptocurrency experiences explosive price action, typically following the previous cycle’s bear market.
• 2018 Bull Run: BTC surged 481% during its parabolic phase.
• 2022 Bull Run: BTC soared nearly 600% from its low.
The current cycle’s lowest point was recorded in November 2022 at $15,000 during the FTX collapse. Since then, Bitcoin has already surged 553%, according to Edwards.
Bitcoin Nears $100K
Today, Bitcoin reached $98,000 on major spot exchanges, inching closer to the critical $100,000 level. Edwards noted that breaking this threshold could trigger the next phase of Bitcoin’s rally.
Bitcoin Energy Value Model Validates $100K Prediction
Edwards, who created the Bitcoin Energy Value model in 2020, forecasted BTC would reach $100,000 by 2025. This model is based on the correlation between mining expenses, electricity prices, and demand for Bitcoin as “digital gold.”
Market Impact: Liquidations Soar
In the last 24 hours, Bitcoin traders faced $114 million in liquidations, with nearly 70% being short positions. This indicates significant market volatility as BTC inches closer to breaking $100K.
Mixed Predictions Ahead
While Edwards’ forecast remains bullish, some analysts, including CryptoQuant’s CEO Ki Young Ju, predict Bitcoin could dip below $59,000 by year-end.
With BTC flirting with the $100K mark, the question remains: Will Bitcoin’s parabolic phase ignite another historic rally, or will volatility create new challenges? Keep watching as the crypto market braces for its next big move.
