Bitcoin Parabolic Rally Offering Final Bargains Before It Breaks Out!

Bitcoin half is very close to us. And at this moment, the price of Bitcoin is currently trading around $70,000. From the current position of Bitcoin we can see its price increase at any moment. At any moment it can create a new all-time high again. It is speculated that Bitcoin (BTC) is now consolidating as it prepares for a parabolic move. This is what a crypto analyst has claimed.

Currently we see the price of Bitcoin hovering around a place. However, it was down 6 percent within days of crossing the all-time high. But now the price has increased again and its price is currently hovering around $70,600. Although it is expected that the Bitcoin halving will be completed next month, the current price of Bitcoin may not last long. Because the price of Bitcoin will soon rise to new all-time highs based on historical precedent.

source

And if it doesn't reach this price now it's a matter of when, and it's a matter of time. But we have to remember that the more we can consolidate here in the position that Bitcoin price is currently in, the more opportunities we have to buy bargains before we inevitably start that great move to the upside. So any retracement, any consolidation here, certainly those are the final bargaining opportunities before we enter that parabolic upside, and maybe that's our last chance.

But another point here is that if we review past bitcoin halvings we can see that parabolic reversals are completed after halving and several weeks or even months later. Such has been seen in past Bitcoin halvings. The most important thing is that we were able to witness your approval of Spot Bitcoin Exchange Traded Fund earlier this year. So we have to keep in mind that the parabolic reversal that usually follows a Bitcoin halving event may be due to the effect of spot Bitcoin Exchange-Traded Funds (ETFs). Such events can occur at any moment and even earlier than usual in this cycle.

We have recently seen Bitcoin price cross the historical highs it made in the past to reach new highs. But one more thing we need to keep in mind is what could happen if the price of Bitcoin breaks past these old all-time highs again. When this happens the parabolic uptrend which is actually the pre-halving phase, will shorten the re-accumulation phase and lead us to a new all-time high. Looking at the current price of Bitcoin we can assume something like this and it has now turned into a parabolic rally. which has never been done before. Moreover, we see ETFs playing into price action. So in simple words it is going to be said that Bitcoin Parabolic Rally Offering Final Bargains Before It Breaks Out.