Bitcoin Defies Gravity—Again—As It Gears Up for Its Next Parabolic Rally

From institutional FOMO to retail traders YOLO-ing their paychecks—BTC’s price action just cut through resistance like a hot knife through butter.

Behind the surge: Macro tailwinds meet maxi-grade hopium. BlackRock’s ETF inflows hit $1B daily while Wall Street analysts—who called it a ’fraud’ at $3K—now whisper ’digital gold.’

The cynical kicker? Banks are scrambling to offer crypto custody services after a decade of lobbying against it. Nothing moves faster than finance chasing profits—except maybe Bitcoin when it breaks $100K.

Will Cryptocurrencies Rise?

According to Binance TR data, Ethereum’s price is $2,538 or 98,500 TL. While it’s unfortunate that the largest altcoin by market cap has paused its upward journey, consolidating around the $2,500 band is relatively favorable.

Bitcoin$102,239 has seen six major pullbacks in this cycle so far. Jelle, in today’s evaluation, mentions, “If we’re lucky, there will be one more.”

“There have been six major pullbacks in this cycle so far. If we’re lucky, we might get one more – nevertheless, the end of the game is drawing near. Enjoy the run while it lasts and remember to take some profit.”

The potential pullback is expected to trigger movement towards the final big peak, signaling a larger upward trend.

Washigorira highlights a key area that will act as support.

“BTC is currently retesting the daily Fair Value Gap and could soon revisit Tenkan. This is a strong confluence area that could support a potential bounce. Volatility might increase rapidly, with the next major MOVE likely loading.”

While BTC hasn’t reached $100,700 yet, it stands at $102,100 and might soon test the area before bouncing back. Perhaps this expectation triggered quick sales in altcoins recently?

Ethereum (ETH)

Ethereum$2,541 hovers around $2,500 after gaining nearly a thousand dollars. It deserves a break despite reaching the resistance level. Even important players in its ecosystem, like Pepe Coin, have earned triple-digit gains. So, what path will ETH take before reaching $4,000?

“ETH has hit a higher timeframe resistance area and will see another accumulation phase before breaking upwards. Below $2,400 is a great buying opportunity before ETH surpasses $4,000.”