{"id":1380,"date":"2024-12-01T18:00:27","date_gmt":"2024-12-01T18:00:27","guid":{"rendered":"https:\/\/coinstrend.net\/blog\/bitcoin-price-enters-parabolic-phase-of-cycle-after-surge-to-98000-analyst\/"},"modified":"2024-12-01T18:00:27","modified_gmt":"2024-12-01T18:00:27","slug":"bitcoin-price-enters-parabolic-phase-of-cycle-after-surge-to-98000-analyst","status":"publish","type":"post","link":"https:\/\/coinstrend.net\/blog\/bitcoin-price-enters-parabolic-phase-of-cycle-after-surge-to-98000-analyst\/","title":{"rendered":"Bitcoin Price Enters Parabolic Phase Of Cycle After Surge To $98,000 \u2013 Analyst"},"content":{"rendered":"

The Bitcoin price has continually tested resistance levels above $95,000 in its pursuit to reach and surpass the four-year market cycle.\u00a0<\/p>\n

Bitcoin Price Enters Parabolic Phase<\/b><\/h2>\n

Popular crypto analyst Rekt Capital has declared<\/a> to his 517,800 followers on X (formerly Twitter) that Bitcoin, the world\u2019s largest cryptocurrency, has officially and completely transitioned into its \u201cParabolic Upside phase<\/a>\u201d this bull cycle. The analyst shared a chart illustrating the coin’s price action<\/a> during the 2021 bull run and the current bull cycle.<\/p>\n

\"\"<\/p>\n

After its halving event<\/a> in 2022, the Bitcoin price experienced a massive rally that pushed it to its 2021 all-time high of over $64,000. At the time, Bitcoin had experienced a significant correction before fully entering its bullish upside phase.\u00a0<\/p>\n

Interestingly, a similar trend can also be seen in this bull cycle, signaling a possibility of more price rallies. In the last few months, the BTC price entered a re-accumulation phase characterised by slight declines and consolidation before recording a subsequent rally above $99,000.\u00a0<\/p>\n

Rekt Capital disclosed that after BTC hit $98,000, the pioneer cryptocurrency had successfully entered its parabolic upside phase. This phase suggests that Bitcoin could rise even higher, matching analysts’ expectations in this bull market.\u00a0<\/p>\n

On November 27, Rekt Capital also shared a post<\/a> illustrating the crypto asset’s steady progression into the parabolic phase. He pointed out that the cryptocurrency was on the verge of exiting a reaccumulation phase and transitioning into the parabolic upside, as indicated by the green zone on the price chart.\u00a0<\/p>\n

Bitcoin Price: $100,000 ATH – Now Or Never<\/b>\u00a0\u00a0<\/h2>\n

The crypto community is on an intense bullish ride, as analysts and investors widely anticipate the Bitcoin price surge to $100,000. The leading cryptocurrency has been trading just shy of the $100,000 mark, experiencing a price increase above $98,000 at some point in the past week.\u00a0\u00a0<\/p>\n

<\/p>\n

A crypto analyst identified as Trader of Crypto on X is tapping into this strong bullish trend, announcing<\/a> that \u201cthe clock is ticking\u201d for Bitcoin to reach $100,000. His statement underscores how close Bitcoin is to reaching the milestone during this cycle.<\/p>\n

\"\"<\/p>\n

Trader of Crypto has also stated that it is only a matter of time before Bitcoin breaks past the anticipated $100,000 all time high. While the analyst has maintained a bullish outlook on Bitcoin, he has also presented a price chart that suggests that the cryptocurrency could experience a crash<\/a> towards $46,757 if bears take over.\u00a0<\/p>\n

The Bitcoin price is currently trading at $96,965, marking a 1% increase in the past 24 hours, according to CoinMarketCap.<\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Bitcoin price has continually tested resistance levels above $95,000 in its pursuit to reach and surpass the four-year market cycle.\u00a0 Bitcoin Price Enters Parabolic Phase Popular crypto analyst Rekt Capital has declared to his 517,800 followers on X (formerly Twitter) that Bitcoin, the world\u2019s largest cryptocurrency, has officially and completely transitioned into its \u201cParabolic…<\/p>\n","protected":false},"author":1,"featured_media":1381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[84],"tags":[36,85,42,88,24],"class_list":["post-1380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-crypto"],"_links":{"self":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts\/1380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/comments?post=1380"}],"version-history":[{"count":0,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts\/1380\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/media\/1381"}],"wp:attachment":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/media?parent=1380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/categories?post=1380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/tags?post=1380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}