of Recent market downturn This did not deter analysts from maintaining their bullish outlook on Bitcoin price. A new report from these market watchers shows that Bitcoin is enter a new parabolic phasecould signal the end of a long-term correction. Some analysts are pointing to the correlation between BTC and gold as a possible signal for ATH, while others are applying Elliott Wave analysis to set new price targets for major cryptocurrencies.
Bitcoin price prepares for parabolic move to $245,000
Recent technical analysis by Crypto Tice suggests that: Gold took controlBitcoin, on the other hand, is currently at a tipping point. analyst presented The weekly price chart tracks both assets and shows how gold’s price movements can be used to determine Bitcoin’s next parabolic move towards an all-time high of $245,000.
chart trajectory Gold and Bitcoin price movements The expected movement from 2016 to 2026 shows a repeating pattern with uncertainty peaking first in gold. After that, funds flowed into precious metals, causing prices to skyrocket and fluctuate. Money rotates into BTC. Cryptothe says this rotation phase has been repeated every market cycle.
In the first cycle, from July 2017 to Q4 2018; gold rose to an all-time high Before trading in a narrow range, it signals broader trend exhaustion rather than a breakdown. Shortly after, Bitcoin began a strong rally reflecting the rotation of capital away from precious metals and into riskier assets.
The same pattern emerged during the 2020-2021 cycle. Gold reached new highs and stalled within a narrow range, but Bitcoin followed suit with a strong rally. This surge coincided with another green profit rotation zone on analysts’ price charts.
On the far right of the chart, Crypto Tice reveals that gold has reached all-time highs again in the current cycle and remains solid within the red range. At the same time, Bitcoin has already risen sharply and is now experiencing a slight setback. Analysts refer to this overlap as the “transfer window” between the two assets.
Crypto Tice noted that this recent pause reflects the same pattern seen in past cycles before Bitcoin experienced significant price increases. Analysts believe that if BTC continues to follow this historical trend, it will soon enter a new parabolic phase and potentially soaring prices Over $245,000.
Elliott Wave Analyst Shares Next BTC Price Target
In a separate analysis, crypto market expert Marlin the Trader said: shared Video chart analysis showing repetitions Elliott wave structure It could indicate Bitcoin’s next potential bullish target. From late 2024 to mid-2025, BTC formed a five-wave pattern, making higher lows and building a foundation that would lead to significant price increases.
According to trader Marlin, Bitcoin is repeating this. 5 wave pattern In the current cycle. Waves 1 to 3 are already complete and show higher lows, while waves 4 and 5 form a base following a massive price crash. Once this stage is completed, analysts predict that BTC could rise significantly towards $124,000, beyond the current price of $87,900.
Featured image from Pixabay, chart from Tradingview.com
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