Six to Twelve Months of ‘Parabolic Advance’ on the Horizon for Bitcoin, According to On-Chain Analyst

Leading on-chain analyst Checkmate is providing an updated perspective on Bitcoin’s current market cycle, suggesting that a parabolic move to the upside is on the horizon. Checkmate predicts a period of “chopsolidation,” or a choppy consolidation phase with no significant trend shift, for approximately six months based on previous cycles. Following this period, Checkmate expects Bitcoin to experience a parabolic advance lasting between six months and a year, drawing on historical patterns. While some speculate that Bitcoin’s bull run has already reached its peak, Checkmate argues that this would deviate significantly from previous market cycles. Checkmate emphasizes that corrections like the one Bitcoin has recently had are typical during halving years and that the end of these years tends to be especially bullish for the cryptocurrency. The current price of Bitcoin stands at $63,433.