{"id":559732,"date":"2024-11-08T19:00:51","date_gmt":"2024-11-08T19:00:51","guid":{"rendered":"https:\/\/uniquehot.com\/?p=559732"},"modified":"2025-06-11T10:41:48","modified_gmt":"2025-06-11T10:41:48","slug":"bitcoin-parabolic-rally-600000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-parabolic-rally-600000\/","title":{"rendered":"Bitcoin Parabolic Rally Above $600,000: Crypto Analyst Says It\u2019s Closer Than You Think"},"content":{"rendered":"

The argument for the Bitcoin price to reach above $200,000 has been going on for a few years now with a number of crypto pundits maintaining their stance. This has not changed, especially with the most recent prediction from one crypto analyst who puts the BTC price above $200,000<\/a>. But what\u2019s most interesting is the timeframe in which this analyst expects the leading crypto to reach this level.<\/p>\n

Halving To Trigger Parabolic Rally<\/h2>\n

Crypto analyst TradingShot posted another eye-catching prediction on the TradingView website, putting the Bitcoin price as high as $200,000. The analysis focuses on the Bitcoin Vortex bullish cross as well as the Bollinger Bands Width (BBW) bottoms to gauge when BTC<\/a> might go on its next parabolic rally.<\/p>\n

Related Reading: Dogecoin Climbs Above $0.075 To 3-Month High, But Metrics Show It\u2019s Far From Done<\/a><\/div>\n

TradingShot explains that a parabolic rally for the cryptocurrency often starts after a Halving Event. Now, a BTC halving event<\/a> takes place roughly every four years and it\u2019s an event in which the block rewards for miners are cut down in half, thereby reducing the rate at which new coins are being brought into circulation.<\/p>\n

The crypto analyst\u2019s prediction in this instance uses the next Bitcoin halving event<\/a> which is expected to take place sometime in Q2 2024. As the analyst explains, this is an event that \u201cstarts the (final and most aggressive) Parabolic Rally sequence of the Bull Cycle.\u201d<\/p>\n

\"Bitcoin<\/p>\n

Source: Tradingview.com<\/a><\/pre>\n
One other important event that happens after the halving takes place is the BBW which bottoms once the halving is completed. This often marks the end of a short downtrend, and \u201cmay have as a Support a (dotted) Lower Lows trend-line,\u201d as TradingShot explains.<\/p>\n
When Will Bitcoin Cross $200,000<\/h2>\n
The expectation for the BBW to bottom out in early 2024 carries the basis for a Bitcoin parabolic rally<\/a> above $200,000. Once it does this, there is only a short timeframe that the crypto analyst sees before the asset is able to reach this level.<\/p>\n
A Bullish Cross formation as has been the case historically, is expected to trigger \u201ca long-term sequence of straight green candles (Parabolic Rally) straight to the Bull Cycle’s peak.\u201d This marks the beginning of the bull market.<\/p>\n
Related Reading: Why Ark Invest\u2019s Cathie Wood Picks Bitcoin Over Cash And Gold<\/a><\/div>\n
TradingShot explains that if this happens, then the Bullish Cross would appear on the 2-Month (2M) candle. This will put the timeframe in the vicinity of January 2024. If this analysis is correct, then BTC<\/a> could be only a few months away from making a new all-time high.<\/p>\n
At the upper band of this parabolic rally, Bitcoin sits above $650,000. Given that BTC<\/a> is currently trading just above $35,300, it would mean an over 1,700% rally.<\/p>\n
\"Bitcoin<\/p>\n
BTC price above $35,300 | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Featured image from AMBCrypto, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The argument for the Bitcoin price to reach above $200,000 has been going on for a few years now with a number of crypto pundits maintaining their stance. This has not changed, especially with the most recent prediction from one crypto analyst who puts the BTC price above $200,000. But what\u2019s most interesting is the timeframe in which this analyst expects the leading crypto to reach this level. Halving To Trigger Parabolic Rally Crypto analyst TradingShot posted another eye-catching prediction on the TradingView website, putting the Bitcoin price as high as $200,000. The analysis focuses on the Bitcoin Vortex bullish cross as well as the Bollinger Bands Width (BBW) bottoms to gauge when BTC might go on its next parabolic rally. Related Reading: Dogecoin Climbs Above $0.075 To 3-Month High, But Metrics Show It\u2019s Far From Done TradingShot explains that a parabolic rally for the cryptocurrency often starts after a Halving Event. Now, a BTC halving event takes place roughly every four years and it\u2019s an event in which the block rewards for miners are cut down in half, thereby reducing the rate at which new coins are being brought into circulation. The crypto analyst\u2019s prediction in this instance uses the next Bitcoin halving event which is expected to take place sometime in Q2 2024. As the analyst explains, this is an event that \u201cstarts the (final and most aggressive) Parabolic Rally sequence of the Bull Cycle.\u201d Source: Tradingview.com One other important event that happens after the halving takes place is the BBW which bottoms once the halving is completed. This often marks the end of a short downtrend, and \u201cmay have as a Support a (dotted) Lower Lows trend-line,\u201d as TradingShot explains. When Will Bitcoin Cross $200,000 The expectation for the BBW to bottom out in early 2024 carries the basis for a Bitcoin parabolic rally above $200,000. Once it does this, there is only a short timeframe that the crypto analyst sees before the asset is able to reach this level. A Bullish Cross formation as has been the case historically, is expected to trigger \u201ca long-term sequence of straight green candles (Parabolic Rally) straight to the Bull Cycle’s peak.\u201d This marks the beginning of the bull market. Related Reading: Why Ark Invest\u2019s Cathie Wood Picks Bitcoin Over Cash And Gold TradingShot explains that if this happens, then the Bullish Cross would appear on the 2-Month (2M) candle. This will put the timeframe in the vicinity of January 2024. If this analysis is correct, then BTC could be only a few months away from making a new all-time high. At the upper band of this parabolic rally, Bitcoin sits above $650,000. Given that BTC is currently trading just above $35,300, it would mean an over 1,700% rally. BTC price above $35,300 | Source: BTCUSD on Tradingview.com Featured image from AMBCrypto, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":559745,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,83361,3],"tags":[428,8856,656,6481,1119,89185,1144,78790],"class_list":["post-559732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-btc","category-news","tag-bitcoin","tag-bitcoin-halving","tag-bitcoin-news","tag-bitcoin-rally","tag-btc","tag-btc-news","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nBitcoin Parabolic Rally Above $600,000: Crypto Analyst Says It\u2019s Closer Than You Think<\/title>\n<meta name=\"description\" content=\"The argument for the Bitcoin price to reach above $200,000 has been going on for a few years 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Parabolic Rally Above $600,000: Crypto Analyst Says It\u2019s Closer Than You Think","url":"http:\/\/uniquehot.com\/news\/bitcoin-parabolic-rally-600000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-parabolic-rally-600000\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/Bitcoin-parabolic-rally.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/Bitcoin-parabolic-rally.jpeg?fit=1200%2C799"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin halving","bitcoin news","bitcoin rally","btc","btc news","btcusd","btcusdt"],"dateCreated":"2024-11-08T19:00:51Z","datePublished":"2024-11-08T19:00:51Z","dateModified":"2025-06-11T10:41:48Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Parabolic Rally Above $600,000: Crypto Analyst Says It\\u2019s Closer Than You Think\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-parabolic-rally-600000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-parabolic-rally-600000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Bitcoin-parabolic-rally.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Bitcoin-parabolic-rally.jpeg?fit=1200%2C799\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin halving\",\"bitcoin news\",\"bitcoin rally\",\"btc\",\"btc news\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2024-11-08T19:00:51Z\",\"datePublished\":\"2024-11-08T19:00:51Z\",\"dateModified\":\"2025-06-11T10:41:48Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/Bitcoin-parabolic-rally.jpeg?fit=1200%2C799","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/559732"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=559732"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/559732\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/559745"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=559732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=559732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=559732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}