Bitcoin To Repeat Parabolic Phase From 2017 And 2021? Here’s The Target

Crypto analyst Merlijn The Trader posits Bitcoin is entering its third parabolic phase, mirroring prior 2017 and 2021 cycles, evidenced by its current market structure and a recent rebound from $74,000. This technical analysis forecasts a potential price target of $335,000 by 2025, representing over a 205% rally from its current trading level near $108,850, driven by an anticipated vertical breakout phase consistent with historical patterns.

Analysis

The article outlines a highly bullish technical analysis for Bitcoin, asserting that the asset is entering its third parabolic phase, mirroring patterns from the 2017 and 2021 bull markets. According to analyst Merlijn The Trader, the current market structure, characterized by a prolonged consolidation followed by a gradual upward grind, is a direct historical parallel. A key confirmation signal cited is Bitcoin's recent rebound from the $74,000 level in April, which is presented as a definitive bounce off a long-term parabolic support curve, similar to pivotal moments in 2016 and 2020 that preceded new all-time highs. This technical setup forms the basis for a forecast of an imminent 'vertical breakout'. The analysis projects a potential price target as high as $335,000 by 2025, representing a more than 205% increase from its current trading price of approximately $108,850. This target is derived from the magnitude of previous cycles, which delivered rallies of over 1,300% and 2,000%, suggesting that a significant upward repricing is plausible if the historical pattern repeats.

Key Decisions for Investors

• Investors aligned with purely technical, momentum-driven strategies may see the bounce from the $74,000 parabolic support level as a strong signal to initiate or add to long positions in anticipation of the forecasted vertical price move.
• It is crucial to monitor the integrity of the described parabolic curve; a sustained break below this technical support would invalidate the core thesis of the analysis and likely trigger a significant bearish reversal, requiring an immediate re-evaluation of any long exposure.
• Given that this forecast relies entirely on the repetition of historical chart patterns, investors should treat it as a high-risk, high-reward scenario and consider it alongside fundamental analysis and macroeconomic factors before committing significant capital.