Titan of Crypto: bitcoin will reach $ 250,000

Bitcoin BTC $65,808.37 Bitcoin 0.16% Market capitalization $1.3 trillion VOL. 24 hours $0.51 billion is once again attracting investors' attention as analysts predict a possible jump in the asset’s value to $ 250,000. According to an analysis published by Titan of Crypto, a crypto expert on the X platform, the market leader is now in the third stage of the so-called «parabolic growth» — a pattern that has already led to significant price spikes twice.

The first parabolic growth occurred between 2011 and 2013, when the price of bitcoin rose from less than $ 10 to almost $ 1,200. The second occurred between 2015 and 2017, when the cryptocurrency rose from $ 200 to almost $ 20,000 after a market downturn. Now, after a sharp rise to $ 69,000 in 2021 and a subsequent correction, bitcoin is entering the third phase of this cycle.

If the current pattern repeats the previous ones, bitcoin could not only surpass its previous all-time high but also reach $ 250,000. However, it should be remembered that past performance is not always indicative of future price gains, so investors should be cautious.

At the time of writing, according to the CoinMarketCap analytical tracker, the main cryptocurrency is trading at $ 58,740, a daily regression of 4%. The total number of coins circulating on the market reached $ 1.1 trillion. Traders made daily trading deals worth $ 26.9 billion, an increase of almost 85%. Bitcoin’s market share is 56.2%.