Bitcoin

Bitcoin is showing signs of a strong bullish trajectory for the upcoming cycle. A detailed projection for the future cycle revealed that Bitcoin&#39;s price will evolve between 2024 and 2026. A prediction chart by Kevin Svenson, a crypto analyst, revealed a pattern called ‘The Parabolic Curve Pattern.’ This would highlight the continuous growth of Bitcoin’s price.The chart shows that Bitcoin has formed four distinct price bases since 2021. These bases are key consolidation points where the price remained relatively stable before making a significant upward move. The chart pointed out that the crypto had already formed a third base and is entering its fourth base phase. Svenson predicted that the price would rise to $91,000 after this consolidation phase.The parabolic curve pattern illustrates how Bitcoin&#39;s price rises after each base is formed. According to the analysis, after the fourth base is formed, Bitcoin&#39;s price is expected to rise sharply and multiply quickly. The fourth base signifies that <a href="https://cryptotale.org/bitcoin-faces-key-resistance-as-bulls-eye-potential-breakout/" rel="noopener noreferrer nofollow">Bitcoin</a> might already be in the process of breaking out toward its next price target.Considering futuristic movements, the cycle peak may further increase the price, reaching an estimated $124,000. The projected timeline for this peak seems to occur in the last quarter of 2025 or in the first quarter of 2026. Apart from the parabolic curve, a descending broadening wedge, if penetrated from the top, might confirm the continuation of an upward movement. Here, it is at the level that should correspond to the upward trend forming the parabolic base structure.<a href="https://cryptotale.org/analyst-forecasts-bitcoin-to-reach-124k-in-2024-2026-cycle/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Analyst Forecasts Bitcoin to Reach $124K in 2024-2026 Cycle

CryptoTale

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