BITCOIN Is there enough time for another parabolic rally?

[cryptoenthusiast]

Bitcoin (BTCUSD) is practically consolidating on the short-term, having just recently been rejected off its new All Time High (ATH). Despite the short-term volatility, the long-term outlook is still a very strong, structured uptrend, a Channel Up pattern that is now technically aiming for its next Higher High.

Incredibly enough, this Channel Up since the November 2022 market bottom, has been almost entirely within the Buy Zone (green) of the Fibonacci Channel Up going back all the way to April 2013!

As you can see during the previous two Cycles, every time BTC got above that Buy Zone, it started a parabolic rally. So far, we haven't got such rally on the current Cycle and with time running out (assuming the 4-year Cycle model continues to hold), do you think we will get one this time around?

Feel free to let us know in the comments section below!

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