Bitcoin’s price has been steadily climbing, recently surpassing $108,000 and showing strong bullish momentum. Could this be the start of another massive price surge?
Following a Familiar Pattern?
Crypto analyst Merlijn The Trader believes Bitcoin is entering its third “parabolic phase,” mirroring similar rallies in 2017 and 2021. His analysis shows a consistent pattern: a period of consolidation followed by a sharp, almost vertical price increase. A chart illustrating this shows three distinct cycles, each ending with a dramatic price jump. The current cycle appears to be following the same trajectory. The recent bounce off the lower support level in April, similar to bounces in 2016 and 2020, further strengthens this theory.
The Big Prediction: A $335,000 Bitcoin?
Merlijn’s analysis suggests that this parabolic phase could send Bitcoin soaring to as high as $335,000 by 2025. That’s a potential increase of over 205% from current levels! Even a more conservative estimate places the target around $150,000. This prediction is based on the massive gains seen in previous parabolic phases: over 2,000% in 2017 and over 1,300% from 2020 to 2021.
No Time to Wait?
According to Merlijn, this type of rapid price increase doesn’t offer second chances. If history repeats itself, those waiting on the sidelines might miss out on this significant move. The momentum is building, and the current price action strongly suggests a major breakout is imminent. Bitcoin is currently trading around $108,850, having recently hit a high of $109,574.
