According to an analyst known as Rekt Capital, Bitcoin is poised for a surge and is on the brink of transitioning into the parabolic phase of its cycle. The analyst suggests that there may be a small dip in the price before the breakout, but believes that Bitcoin could potentially reach its previous all-time high of $73,800. Rekt Capital also indicates that if historical patterns repeat themselves, Bitcoin's parabolic phase could peak in the second half of 2025. At the time of writing, Bitcoin is trading at $63,650.



Other News from Today