BITCOIN'S ULTIMATE PARABOLIC CURVE — EYEING $181,267.00The Parabolic Curve often emerges near the culmination of a major market surge, marking the end result of numerous base formation breaks.
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The Parabolic Curve patterns are commonly observed in growth stocks with innovative products, groundbreaking technology, novel business models, or visionary leadership. Typically, these assets represent market leaders — like Bitcoin for crypto.
💡 At the pivotal point of Base 3, symbolized by the "X" on the chart and situated at $25,700, Bitcoin is poised for a potential doubling in the shortest timeframe.
This pattern's hallmark is its staircase-like formation, creating short-term price range bases before catapulting to new highs, repeating the cycle multiple times in its ascent.
I've conducted a detailed analysis using Fibonacci tools and Elliott Waves, projecting Base 4's estimated range between the $60,000 resistance and $46,700 support.
Additionally, considering Fibonacci extensions and channels, the SELL POINT for the parabolic move is anticipated at range between $149,175 and $181,267.00
This parabolic curve, reminiscent of a rocket's trajectory, can endure for weeks or even months. However, caution is warranted as the pattern nears completion. The culmination of the rapid upward momentum often concludes abruptly, plunging in price even faster than its ascent.
