Bitcoin is showing signs of a strong bullish trajectory for the upcoming cycle. A detailed projection for the future cycle revealed that Bitcoin’s price will evolve between 2024 and 2026. A prediction chart by Kevin Svenson, a crypto analyst, revealed a pattern called ‘The Parabolic Curve Pattern.’ This would highlight the continuous growth of Bitcoin’s price.
#Bitcoin 2024 – 2026 Cycle Projection 🔎$BTC #BTC 🔗https://t.co/2bZ8zNcP61 pic.twitter.com/5W29sqzPkJ
— Kevin Svenson (@KevinSvenson_) October 8, 2024
The chart shows that Bitcoin has formed four distinct price bases since 2021. These bases are key consolidation points where the price remained relatively stable before making a significant upward move. The chart pointed out that the crypto had already formed a third base and is entering its fourth base phase. Svenson predicted that the price would rise to $91,000 after this consolidation phase.
The parabolic curve pattern illustrates how Bitcoin’s price rises after each base is formed. According to the analysis, after the fourth base is formed, Bitcoin’s price is expected to rise sharply and multiply quickly. The fourth base signifies that Bitcoin might already be in the process of breaking out toward its next price target.
Considering futuristic movements, the cycle peak may further increase the price, reaching an estimated $124,000. The projected timeline for this peak seems to occur in the last quarter of 2025 or in the first quarter of 2026. Apart from the parabolic curve, a descending broadening wedge, if penetrated from the top, might confirm the continuation of an upward movement. Here, it is at the level that should correspond to the upward trend forming the parabolic base structure.
Bitcoin To See Next Peak in May or September 2025: AnalystAt the time of writing, Bitcoin was trading at approximately $62,327, a 0.38% drop within 24 hours. This positions the range within the third base. Thai comes in support of Svenson’s prediction that the next major price increase could occur as Bitcoin builds momentum toward the fourth base.
The cryptocurrency market capitalization also continues to be firmly anchored over $1.2 Trillion. The market is still dominated by Bitcoin, with a 24-hour trading volume of $27 billion. This creates a favorable environment for price fluctuations in accordance with the parabolic and wedge patterns mentioned in the chart.
