Bullish sentiment is strengthened by the new all-time high price.
With Trump’s victory and the rate cut, bitcoin is motivated upwards.
The price of bitcoin (BTC) today reached $80,000 (USD), thus registering a new all-time high. What’s next for your quote?
“Welcome to the parabolic phase of the cycle”, commented the currency analyst known on the networks as Rekt Capital. “For the last 5 days, bitcoin has been reaching new all-time highs almost every day,” the specialist added. That’s why the bullish trend is likely to worsenas happened in its previous cycles.
According to the analystthe bitcoin reaccumulation stage of investors who already had the currency has ended, which begins the parabolic phase of the price. These periods occur after the halving, an event that reduces the issuance of the currency by half every four years, which had its last edition in April 2024.
The difference between such stages is that the first involves a consolidation of the asset in a price range, as in the last seven months, and the second a strong upward trend. “It is during this phase that bitcoin experiences accelerated growth,” explains Rekt Capital.
Historically, bitcoin’s parabolic phase has lasted about a yearemphasizes the analyst, as can be seen in the following graph. The market tends to repeat patterns, so this suggests optimism for price continuity in the coming months.
“We are entering the massive expansion phase of the cycle,” said analyst Miles Deutscher agrees. “This is the phase in which the greatest profits are obtained, but it is also the most difficult to navigate,” he elaborated.
Because this is bitcoin’s entry to new all-time high prices, it is in uncharted territory. Consequently, it is more difficult to identify how its development will continue.
Although, Something that different specialists agree on is that the price of bitcoin could reach six figuresby market psychology. Furthermore, that would imply an increase of 25% from its current levels, which is a low percentage in relation to the bullish volatility that the currency usually has in parabolic phases.
Bitcoin could reach USD 100,000 before the end of the year, according to specialists
“Now that the dust has settled from the US elections, the next phase of the bull market has broken out and the climb to $100,000 has begun,” Deutscher said. Through an email to his followers, to which CriptoNoticias has access, the specialist warned that this could happen in January or before.
He elaborates in this regard that, now that Donald Trump has won the United States elections, there is already speculation that bitcoin could reach that target price before his inauguration on January 20. This is because the Republican plans to have national reserves in bitcoin and turn the country into a center for the crypto asset industry.
An argument of this thesis is also that Bitcoin’s historically 4-year cycle is developing as expected. The recent rise coincides with the time when the currency tends to rise after the halving, as seen below.
On the other hand, exchange-traded funds (ETFsfor its acronym in English) of bitcoin in the United States have experienced record inflows last weekas the following graph shows. In addition to Trump’s electoral victory this week, the new interest rate cut in the economic powerhouse, which increases liquidity for the markets, led to this scenario.
About all this, Deutscher says:
“In just one day, Wall Street has absorbed 40 days of new bitcoin supply. The volumes are staggering and if this continues through 2025, the supply shock will be real in this cycle.”
Miles Deutscher, investor.
Likewise, Gabriel Campa, head of the digital assets area at Towerbank bank, reported in an interview with CriptoNoticias that sees USD 100,000 possible for bitcoin before the end of the year.
Meanwhile, executives of cryptocurrency exchanges, such as Bitso, CoinEx and Ripio, agree that the price will reach six figures in this cycle and the final peak will be next year.
Couldn’t ask for a better environment for bitcoin, says trader
“You literally couldn’t ask for a better environment for cryptocurrencies right now,” considered on the other hand the investor known as DCInvestor. “A Trump victory would bring with it the potential for massive deregulation and acceptance of cryptocurrencies,” he deepened.
For DCInvestor, The market will go crazy now with speculation prior to the start of the Trump administration. “I am very optimistic and I have been waiting for this moment for more than a year,” he concluded, expressing this feeling that also identifies others in the market.
“You can completely deny the four-year cycle and how this cycle is apparently different,” express analyst James Van Straten. But, he clarified that this cycle has developed like those that occurred in the past, even with acceleration. Unlike the previous ones, BTC recorded record prices before the halving.
“If you are betting against the four-year cycle, you are betting that BTC will go down from now on and not go up,” the analyst concluded. In this sense, As long as a black swan does not occur (an unexpected event that hits the markets), bitcoin would continue to rise and repeat its history.
Clarification: This article is written for informational purposes. It does not represent an investment recommendation or financial advice. Each investor should do their own research.
