Bitcoin is Going Parabolic: Technical Analysis and Future Predictions
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I analyzed Bitcoin's past performance and potential future by examining four key periods from 2012 to 2025. As clearly shown in the charts, Bitcoin exhibits a parabolic increase in each major bull run.
- 2012: Bitcoin rose from $0.50 to $70 during this period. This demonstrates how profitable Bitcoin was for early adopters.
- 2017: Bitcoin increased from $200 to $3,800, which coincided with its recognition by a broader audience.
- 2020: Bitcoin saw a rise from $3,000 to $62,500, during which time interest from institutional investors grew.
- 2025: Currently, the charts show Bitcoin starting a new parabolic rise from around $90,000. Technical analysis suggests Bitcoin could reach $200,000.
The common thread in these periods is Bitcoin's ability to take support levels and reach new highs each time. Currently, Bitcoin has a support level around $90,000, and it's expected to leverage this to embark on a parabolic ascent. This reflects the positive market sentiment and strong demand for Bitcoin. For investors, this could be an opportunity worth watching closely.