Bitcoin (BTC) Set for ‘Parabolic Advance’ in Next 6-12 Months, Predicts On-Chain Analyst

• Prominent on-chain analyst Checkmate predicts a parabolic move for Bitcoin (BTC) in the coming months.
• Based on historical trends, Bitcoin is expected to undergo a six-month period of choppy consolidation, followed by a parabolic rise.
• Despite recent price drops, Checkmate argues that such corrections are normal in Bitcoin halving years and usually precede a bullish end of the year.

Renowned on-chain analyst Checkmate forecasts a parabolic rise for Bitcoin following a period of choppy consolidation, based on historical market cycles. Despite recent price drops, he maintains a bullish outlook, stating that such corrections are typical in Bitcoin halving years.

Bitcoin’s Upcoming Parabolic Move

Checkmate, a well-known on-chain analyst, recently updated his Bitcoin market cycle outlook. He predicts that Bitcoin is likely to experience about six months of “chopsolidation” – a choppy period of consolidation without any significant trend shift. This prediction is based on the patterns observed in previous Bitcoin market cycles.

Historical Precedence and Market Cycles

Checkmate notes that Bitcoin’s history tends to repeat itself, and this cycle... Read the full article for FREE at COINOTAG!