Is Bitcoin’s Time Running Out for Another Parabolic Rally? 🤔

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Key takeaways:

  • Bitcoin’s long-term uptrend is still strong, but the four-year cycle might limit another big rally.
  • Analysts predict Bitcoin could hit between $130,000-$168,000, but time is ticking.

Oh, Bitcoin, you’re like the eternal optimist at a party that’s about to end. According to a crypto analyst, the clock is ticking on another parabolic rally for our favorite digital currency. 🕒

“Despite the short-term volatility, the long-term outlook is still very strong, structured uptrend, a Channel Up pattern that is now technically aiming for its next higher high,” said popular analyst TradingShot in a Tuesday post on TradingView, basing his analysis on Bitcoin’s technical indicators. But, you know, just because the party’s still going doesn’t mean it won’t end soon.

Will Bitcoin See Another Parabolic Rally?

TradingShot explained that another major rally could be limited by Bitcoin’s position within a well-defined long-term uptrend that hasn’t produced the kind of rallies seen in the past cycles. 📈

Since bottoming in November 2022, he noted that Bitcoin has traded within an upward channel that closely aligns with a Fibonacci channel that has tracked BTC price movements since 2013. “As you can see during the previous two cycles, every time BTC got above that Buy Zone, it started a parabolic rally,” the analyst wrote.

For instance, in the 2017 and 2021 cycles, such breakouts triggered rapid, exponential moves into the upper Fibonacci bands, delivering significant gains. But this time, it’s like waiting for the bus that never comes. 🚍

“So far, we haven’t had such a rally during the current Cycle, and with time running out (assuming the 4-year Cycle model continues to hold), do you think we will get one this time around?”

Popular crypto analyst Rekt Capital also pointed out that Bitcoin may only have a few months of price expansion left in the cycle, especially if it follows the same historical pattern from 2020. “That’s already two to three months potentially that we have left in this bull market,” he added, with a hint of urgency. 🏃‍♂️

As CryptoMoon reported, the Bitcoin monthly outflow/inflow ratio suggests that the $100,000 psychological level could be the new bottom range before BTC undergoes another parabolic leg in the second half of 2025. But let’s not get ahead of ourselves, shall we? 🤷‍♀️

Bitcoin is trading at $109,760, just 2% below its $111,970 all-time high at the time of writing, according to data from CryptoMoon Markets Pro and TradingView. It’s like it’s flirting with the top but not quite ready to commit. 😘

Bitcoin Traders Agree BTC Price Upside Not Over

Bitcoin keeps testing resistance at $110,000 but has failed to break above it thus far, casting doubts about its ability to continue its uptrend. Despite this, several traders believe BTC still has room for further expansion in 2025. “Bitcoin has turned the top of the former bull flag into a support!” TradingShot said in another BTC price analysis.

This is a “strong bullish signal along with the price holding above the 50-day simple moving average (SMA),” currently at $106,750, the analyst explained, adding: “Technically, the break-out from this bull flag targets the 2.0 Fibonacci extension, which currently sits at $168,500.”

“Bitcoin broke the bullish flag, retested it, and now pushes higher,” fellow analyst Jelle observed a similar technical breakout, adding: “Clear $110,000 and $130,000 is the next target.”

Bitcoin price is “still well above the 50-week MA, and it’s also holding strong above the previous all-time high,” said popular crypto analyst Mags, adding: “It looks like we’re just consolidating before the next leg up.”

Besides traders, multiple onchain metrics and indicators show that Bitcoin is not exhibiting patterns associated with previous tops. These include Bollinger Bands, high BTC supply in long-term holder hands, diminishing BTC supply on exchanges, MVRV ratio, and persistent institutional demand from spot Bitcoin ETFs and corporate treasuries. So, it’s like Bitcoin is playing a game of patience, and we’re all just waiting to see what happens next. 🎲

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2025-07-09 18:55