Bitcoin ‘Parabolic Phase’ Has Just Begun, Says Crypto Strategist – Here’s How Long It Could Last
Bitcoin witnessed its first-ever daily close above $100,000 over the weekend, and one popular analyst believes that BTC is in the early stages of a parabolic upside burst.
The pseudonymous trader known as Rekt Capital tells 519,900 followers on the social media platform X that Bitcoin tends to undergo steep rallies after entering bull territory.
According to the crypto strategist, Bitcoin may have nine months or so before ending its parabolic surge based on historical price patterns.
“BTC has only just begun its parabolic phase in the cycle.
Historically, this phase has lasted on average ~300 days.
Bitcoin is only on day 34 of its parabolic phase.”
Bitcoin is trading at $96,862 at time of writing. The top-ranked crypto…
