Bitcoin’s recent price surge has analysts buzzing. After hitting almost $98,000, one prominent analyst believes Bitcoin has officially entered a super-charged phase of growth.
Entering the Parabolic Phase
Rekt Capital, a well-known crypto analyst with a huge following, declared that Bitcoin has entered its “Parabolic Upside phase.” He showed charts comparing the current bull run to the 2021 rally. Both showed a period of consolidation (a bit of a price dip and sideways movement) before a massive price jump. This time, after hitting nearly $100,000, Rekt Capital thinks the big jump has begun.
The $100,000 Question
The crypto world is super excited about Bitcoin hitting $100,000. Many analysts and investors think it’s just a matter of time. Another analyst, Trader of Crypto, agrees, saying the clock is ticking.
However, even with the bullish sentiment, Trader of Crypto also pointed out a potential downside, showing a chart indicating a possible crash to around $46,757 if the bears (those betting against Bitcoin) take control.
The Current Situation
At the time of writing, Bitcoin is trading around $96,965, up slightly over the last 24 hours. Whether it will hit $100,000 or experience a correction remains to be seen, but the excitement is definitely palpable.
