Bitcoin (BTC) to Go Parabolic Once This Happens, Analyst Says

Charles Edwards, a seasoned crypto analyst and Capriole Investments founder, shared a bullish macro forecast for Bitcoin ($BTC). It is based on a pattern observed in the last three cycles. Should this play out, we are on the verge of a ballistic run of the largest crypto.

Bitcoin ($BTC) to go parabolic after $100,000: Expert

Bitcoin ($BTC), the first cryptocurrency, is about to enter the "parabolic phase" of its price growth. This stage of its ongoing bull run will start once the crypto king hits $100,000 per coin level, top expert Charles Edwards said to his 113,000 X followers.

Edwards noticed that Bitcoin ($BTC) demonstrates such an impressive performance only once in four years. Simply put, every bull run has only one parabolic phase.

In 2018, this phase pushed $BTC's price to 481% while, in 2022, it witnessed an almost 600% price spike from the cycle's low.

The lowest point of this cycle was registered in mid-November 2022 at $15,000, when markets were captured by the panic after the FTX/Alameda collapse. $BTC's price ha sadded 553% since.

In March 2020, Charles Edwards authored the Bitcoin Energy Value price model. It masterfully predicted the Bitcoin ($BTC) price to rally to $100,000 in 2025.

Bitcoin ($BTC) price stopped one step away from target

The model is based on the correlation between the electricity expenses of Bitcoin ($BTC) miners, electricity price rates and demand for digital gold.

Today, in the early morning hours, Bitcoin ($BTC) reached $98,000 on major spot exchanges. By press time, its price is trying to stay above the $97,700 level.

In the last 24 hours, Bitcoin ($BTC) traders lost $114 million thanks to liquidations, with almost 70% being short positions.

As covered by U.Today previously, CryptoQuant's CEO Ki Young Ju foresaw the first cryptocurrency dropping below $59,000 by the end of the year.