The post Is this Bitcoin’s last price drop before BTC goes parabolic? appeared on BitcoinEthereumNews.com.

Though it has hardly been a week since Bitcoin (BTC) was above $108,000 and three since it stood over $106,000, the world’s premier cryptocurrency has once again fallen below $100,000. Specifically, following a 5.78% drop in the last 24 hours, BTC is, at press time, changing hands at $98,732.  The downturn can be linked to a broader downturn that had affected American markets and assets with substantial exposure to the U.S. after China made its novel artificial intelligence (AI) model open source – freely available. BTC YTD price chart. Source: Finbold One prominent on-chain expert, however, believes the current downturn is but the final stop before Bitcoin goes fully parabolic in the ongoing cryptocurrency bull market. Why Bitcoin’s next move might be skyward Specifically, the digital assets analyst Ali Martinez made an X post late on Sunday, January 26, pointing out that BTC’s performance in the opening month of 2025 is highly similar to the trading in the 2015-2018 cycle. To reinforce his point, the expert provided an overlay chart showing a familiar pattern: a slow and volatile climb with numerous ups and downs leading into a major upswing. According to the post, the ongoing cycle is, at press time, at the cusp of a strong upward move. Furthermore, the attached chart indicates that Bitcoin could hit its cycle high in September 2025 and enter what can be interpreted as the final plunge ahead of the next bear market by September 2026. The optimistic outlook in the face of the plunge below $100,000 might not be as out of touch as could appear at first glance. BTC’s performance in the last 16 or so months has been such that even the strongest and most shocking of downturns failed to truly jeopardize the overall positive performance. For example, despite the last…

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Filed under: News - @ January 27, 2025 1:26 pm