- Bitcoin has been experiencing parabolic price movements and reaching all-time highs.
- Recent research suggests Bitcoin is in its third Parabolic Advance phase, potentially reaching $250k exponentially.
- Parabolical development involves three stages: breakout phase, exponential growth phase, and consolidation phase.
Bitcoin Amid ‘Parabolic Advance
Since is existence, bitcoin has gone through rounds of parabolic price movements and achieving new all-time high values. As a result, I agree with some new research that points it to be in its 3rd Parabolic Advance phase and, therefore, points to a rise to $250k exponentially.
Parabolical development is a process that has been organizing and developing itself at three parallel stages.
Parabolic advances on the other hand occur where there is some breakout of the trading ranges on Bitcoin. The advances happen in three distinct phases: The three are; breakout phase, exponential growth phase for some time and the consolidation phase just before the onset of the next phase.
This is a cycle of two, the second one being a repeat of the first cycle. The first was from may 2011 to may 2013, when Bitcoin was to rise from the region of $10 to slightly over $1200. The second rise occurred in the period 2015-2017: from $ 200 to $ 19,000 – the maximum.
Parabolic advancement in late 2020.
The dominant parabolic movement begun from the end of year 2020 after breaking out from a consolidation phase after Bitcoin had been constricted in a range for several years. This was followed by a steep climb up to an existence level of 69000$ in the year 2021. Bitcoin suffered a critical correction commonly called the “Black Swan” in 2021 before it moved to the third phase of this parabolic run in this year 2022.
However, the evaluation of each of the historical phases revealed that the third parabolic phase has been most frequently accompanied by the highest rate of exponential growth and over the shortest period of time in comparison with the previous phases. If such a trajectory will be maintained, Bitcoin will easily hit the previous all-time high and go all the way up to $250,000 in this third wave.
Macroeconomic Influence
Sunny roads do not mean that the future will be always bright but which experience is clear what bitcoin is capable of. However, it was established that with regard to macro economic variables such as inflation and recession, Bitcoin experienced an upsurge in its price. But if the current condition is going to deteriorate, then the possible parabolic advance might be affected. According to that, being able to analyze the tendencies for the prolonged period, it is possible to stress that Bitcoin has limitless opportunities for the further growth in the future.
Read Also:
Celsius vs Tether: The $3.5B Lawsuit
Disclaimer: The information provided by CryptopianNews is for educational and informational purposes only. It should not be considered financial or investment advice. Cryptocurrency markets are highly volatile and speculative, and investing in them carries inherent risks. Readers are advised to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
Doc A is knowledgeable in content writing and freelancing in the field of cryptocurrency where there is so much changing at every exigent moment. Able to think strategically and analyze complex systems, Doc A is a masterful writer who can provide important information and analysis to help people navigate the world of crypto investments.