Analyst Predicts Massive Parabolic Surge for Bitcoin (BTC) – Here’s What to Expect

In a major prediction that has crypto enthusiasts buzzing, well-known analyst "Dave the Wave" is forecasting a significant parabolic rise for Bitcoin, signaling that BTC could be entering a transformative phase toward unprecedented highs.

Bitcoin Primed for Six-Figure Breakout

Dave the Wave, who accurately called the 2022 Bitcoin bull market peak, now tells his 147,000 followers on the social platform X that Bitcoin is likely to see an eruption in price once it crosses a critical psychological barrier. With BTC trading above its previous resistance level of $70,000, the analyst is confident that breaking past the $100,000 mark will set Bitcoin on a trajectory toward even higher gains.

“The numbers are getting big, but they’re still technically solid,” he commented. “If BTC reaches the top of the current price channel, it will break the crucial six-figure mark. Once that’s crossed, we could see a parabolic surge in the price.”

BTC’s Path to $130,000: Analyst Insights

Dave’s analysis points to a potential rally toward $130,000, supported by a technical chart suggesting Bitcoin could reach fresh all-time highs. The ongoing momentum, paired with historical price behavior, indicates BTC may continue on an upward path, targeting six-figure levels and beyond.

Momentum Gathers as Top Analysts Agree

Dave the Wave isn’t alone in predicting a significant bullish turn for Bitcoin. Fellow analyst and trader, Pentoshi, who has over 810,900 followers on X, echoed Dave’s bullish sentiment, pointing to BTC’s recent breakout as the start of a long-term uptrend. Pentoshi notes that after months of consolidation, Bitcoin’s price action is showing signs of strength across all major timeframes.

“That’s what we call a trend reversal,” Pentoshi said. “It starts on lower timeframes and builds up. After seven months of consolidation, we’ve finally seen breakouts across the board.”

At the time of reporting, Bitcoin is trading at $88,133, marking a rise of over 10% in the last 24 hours.

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