A Bitcoin analyst warns that time is 'running out' for another BTC price parabolic rally based on its technical indicators . Specifically, analysis by TradingShot suggests that another major rally could be limited by Bitcoin's position within a well-defined long-term uptrend that has yet to produce the kind of rallies seen in the past cycles .
In a TradingView post, the analyst noted that since bottoming in November 2022, Bitcoin has traded within an upward channel that closely aligns with a Fibonacci channel that has tracked BTC price movements since 2013 . Despite short-term pullbacks, the overall trend remains intact and is technically targeting a new higher high .
Historically, major rallies have followed breakouts from this zone. For instance, in the 2017 and 2021 cycles, such breakouts triggered rapid, exponential moves into the upper Fibonacci bands, delivering significant gains . So far, TradingShot stressed that this cycle has not produced a similar breakout .
At the same time, the expert warned that if Bitcoin is to follow its traditional four-year cycle pattern, driven by the supply shock from the halving time, it may be running out of time to deliver a comparable parabolic move before the cycle matures .
However, other analysts believe Bitcoin could move higher past the current all-time highs, with targets between $130,000-$168,000 . Various price predictions for Bitcoin in 2025 range from $145,167 to $175,000, while long-term forecasts estimate BTC price could reach $900,000 by 2030 .
Furthermore, some analysts believe that Bitcoin could repeat the parabolic phase from 2017 and 2021, with a potential target of $335,000 . Other analysts argue that Bitcoin is still far from its cycle top and could reach $200,000 this year, due to strong institutional demand .
While some analysts warn that the Bitcoin bull run could peter out in a few months, others believe that the surge in institutional adoption of Bitcoin makes the typical halving cycle less reliable .
Overall, the predictions for Bitcoin's price remain largely bullish, supported by ETF inflows, increasing adoption, and institutional interest .