Bitcoin is Currently on the path To keep a strong foot more than $ 109,000 after recovering the price level of $ 108,000 in the last seven days. The Bitcoin prize in particular won more than $ 3,000 in the past week, with Bullish Momentum Build steadily on About the wider cryptomarkt.
Bitcoin flirts again with all-time highlights, and the popular crypto analyst Merlijn The trader recently shared a technical analysis on social media that claims that Bitcoin has now started his third parabolic phase. Bitcoin immediately places his graph on course for a new historical climb to Crazy price objectives even in 2025.
Bitcoin after a well -known price schedule
According to the analysis of Merlin, Bitcoin’s current market structure After those two parabolic rallies took place in 2017 and 2021. Just like in earlier cycles, the current price cycle of Bitcoin went through a long -term consolidation phase and gradually went up.
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The following is now a vertical outbreak. A weekly graph that followed his message on the social media platform X emphasized this trend with three red bowl -shaped bends, each of whom led to a green “parabolic phase” box that represents the last stage of each bull run.
The price action so far in 2024 and 2025 has continued to trace the same path. The curve that began to form after the bottom of 2022 now tilts sharply upwards. Interestingly, during his April crash, Bitcoin neatly bounced from the lower arch to $ 74,000, just like in 2016 and 2020 before launching new all time. Crypto analyst Merlin believes that this rebound is the strongest indication so far that the latest breakout phase is approaching.
No second chances: here is the price target
According to the analyst, the current price structure of Bitcoin on the weekly graph has never failed in earlier cycles. Anyone waiting on the sidelines Can completely miss the move. “Bitcoin bounced from supporting the parabolic curve, the momentum is building and when history rhymes with the biggest eruption of the move, this parabolic phase does not provide second chances,” he explained.
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The most interesting part of Merlijn’s prediction is the target price itself. Based on the graph he shared, the green parabolic zone extends to $ 335,000 before 2025, which represents more than a rally of 205% from current levels. The Middle region of the box Is around $ 150,000, which means that even the conservative price target is considerably higher than the current price of Bitcoin.
This prediction is based on the size of earlier parabolic runs, whereby Bitcoin will increase by more than 2,000% in 2017 and more than 1,300% compared to the LOS points from 2020 to the peak of 2021. If the third phase delivers a similar meeting, the path to $ 335,000 Maybe it is not far -fetched.
At the time of writing, Bitcoin acts at $ 108,850, after he has reached an intraday height of $ 109,574.
Featured image of Getty Images, Chart van TradingView.com