empty
07.02.2024 09:24 PM
Bitcoin is on the verge of parabolic growth

Renowned crypto analyst Peter Brandt, assessing the current dynamics of the leading cryptocurrency, stated that Bitcoin is on the verge of parabolic growth. His bullish statement, based on the Elliott Wave Theory, claims that recent BTC charts seem to mimic a pattern indicating potential parabolic acceleration in the price growth of Bitcoin. Brandt notes that Bitcoin is in the final phase of the downturn and is about to start a new upward cycle.

The expert points out that the price of BTC demonstrates a continuous upward trend along the support line of the parabolic formation. In this formation, Bitcoin follows a four-stage cycle: crash, bump, bump, and decline. Accordingly, BTC has already experienced the "dump" phase and is at the beginning of a new cycle.

Although this indicates the start of a new bull market after the cryptocurrency's downturn phase, Brandt notes that BTC is in a new growth phase. He stressed that such cyclical regularities have repeated in the past and is repeating again.

As a result, if Bitcoin maintains the support line of the parabolic ascent formation and surpasses resistance levels, the parabolic growth predicted by the analyst for Bitcoin will occur. However, if BTC fails to hold the support level, the expected growth may be postponed.

This image is no longer relevant

What's happening on the macro level: Reflecting on the events of the past year

Stepping away from the local technical picture, let's look at events happening on the macroeconomic front. In the first quarter of last year, a significant event occurred that affected cryptocurrency markets. We witnessed the collapse of regional banks that did not properly adjust their risks as the Federal Reserve quickly raised interest rates. It seemed that the situation was resolved at that time thanks to the Fed injecting more liquidity into the markets and selling troubled banks.

Numerous banks, including Signature Bank—which focused on cryptocurrencies—went bankrupt. One of these banks, whose shares fell by almost 60% in 2024, raised the question of whether similar events could happen again.

As the first anniversary of the initial shocks approaches, shares of New York Community Bancorp (NYCB) lost 30% of their value in just five days.

What's happening in 2024

A year later, the bank's shares continue to cause concern. Some experts believe this signals a period reminiscent of events from the previous year. Benjamin Cohen noted the bank's market value falling to 1997 levels, indicating that investors remain unprotected.

In March 2023, Bitcoin experienced sudden fluctuations as regional banks began to collapse, and the Bank Term Funding Program (BTFP) of the Federal Reserve helped alleviate the burden of troubled banks. However, the program was halted, and now banks have to act independently.

Former CEO of BitMEX, Arthur Hayes, had previously emphasized the risk of volatility associated with this situation. Hayes suggests that BTC could see an impressive recovery after falling to $30,000 if a similar scenario unfolds.

The losses of NYCB led to another downgrade by the rating agency Moody's. The Chinese CSI 1000 index also suffered losses of trillions of dollars in the last quarter and fell by 8% on February 5th when it was announced that there would be no bailout.

All of this indicates that, while macro-level fluctuations continue, the price of Bitcoin may also experience significant volatility. We might be in the early stages, but there is a possibility that these discussions will become a reality in the coming months.

Ekaterina Kiseleva,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

Recomendações de negociação para o mercado de criptomoedas em 31 de março

O Bitcoin e o Ethereum retomaram seu declínio no último fim de semana, sem apresentar crescimento significativo durante a semana passada, o que aponta para uma correção contínua no mercado

Miroslaw Bawulski 17:18 2025-03-31 UTC+2

Mercado de criptomoedas desafia traders e gera incerteza

As notícias recentes do mercado de criptomoedas desanimaram os investidores. No último fim de semana, o Bitcoin e o Ether sofreram quedas acentuadas e não conseguiram retornar à sua trajetória

Jakub Novak 17:05 2025-03-31 UTC+2

Bitcoin – Visão geral da análise técnica

A incerteza domina o mercado neste momento, e os participantes adotaram uma postura de espera. O suporte da tendência de curto prazo mensal, em 79.773, e da tendência de médio

Evangelos Poulakis 16:05 2025-03-31 UTC+2

Ethereum caiu. Bitcoin foi menos afetado

Apesar da implementação bem-sucedida da atualização de teste Pectra na nova testnet Hoodi — possivelmente o passo final antes do lançamento da atualização na rede principal do Ethereum, com foco

Jakub Novak 16:27 2025-03-28 UTC+2

Dicas de negociação para o mercado de criptomoedas em 28 de março

O Bitcoin e o Ethereum estão lutando para se manter à tona. Outra tentativa fracassada do Bitcoin de se sustentar acima dos US$ 88.000 resultou em vendas durante o pregão

Miroslaw Bawulski 16:21 2025-03-28 UTC+2

Dicas de negociação no mercado de criptomoedas em 27 de março (sessão norte-americana)

O Bitcoin não mostrou nada de interessante na primeira metade do dia. Apenas o Ethereum pôde ser negociado um pouco dentro de seu canal lateral, no qual ainda está preso

Miroslaw Bawulski 17:29 2025-03-27 UTC+2

Análise técnica do movimento intradiário de preços da criptomoeda Filecoin, quinta-feira, 27 de março de 2025.

Após romper com sucesso a linha inferior do canal em formato de Rising Wedge (cunha ascendente) no gráfico de 4 horas da criptomoeda Filecoin, e com seu movimento de preço

Arief Makmur 17:10 2025-03-27 UTC+2

Análise técnica do movimento intradiário de preços da Ethereum, quinta-feira, 27 de março de 2025.

Se nos próximos dias não houver um fortalecimento significativo — especialmente se o preço não romper e fechar acima do nível de 2549,05 no gráfico diário do Ethereum — isso

Arief Makmur 17:07 2025-03-27 UTC+2

Análise do BTC/USD. 27 de março. O Bitcoin não tem potencial de crescimento

A estrutura de ondas no gráfico de 4 horas do BTC/USD está bastante clara. Após a conclusão de uma tendência de alta composta por cinco ondas completas, iniciou-se uma fase

Chin Zhao 17:00 2025-03-27 UTC+2

O projeto de lei de regulamentação das criptomoedas nos EUA avança rapidamente.

Os legisladores dos EUA estão avançando rapidamente com propostas para regular os ativos digitais. Em breve, devem votar um projeto de lei sobre stablecoins e uma versão revisada da legislação

Jakub Novak 14:04 2025-03-27 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.