Despite price retracements and recent market volatility, a cryptocurrency analyst predicted that Bitcoin ($BTC ) may still have room for another parabolic rally. The analyst cited historically reliable indicators suggesting that the market has not yet reached its peak, even though parabolic signals have not triggered a rise.
In a recent post on X (formerly Twitter), market expert Crypto Con shared a comprehensive technical analysis based on the well-regarded Bitcoin cycle indicators developed by DA_Prof. The presented chart revealed that the current trajectory of the Bitcoin market has not yet reached the 'cycle top' zone—a region that has consistently coincided with significant market peaks in the past.
The technical indicators model from Da Prof synthesizes insights from thirteen tested market and on-chain metrics over time. This multifactorial approach has successfully predicted the peaks of past cycles in 2013, 2017, and 2021, making it a valuable tool to potentially identify long-term market turning points. According to Crypto Con, the current price action of Bitcoin and the technical readings suggest that the leading cryptocurrency may still be preparing for a final rally to its all-time high (ATH).
Crypto Con noted that, historically, when these indicators converged in the heated region, represented by the clustering of indicators in the lower section of the heat map of the chart, the price of Bitcoin experienced a dramatic spike followed by a significant drop. However, in the current cycle, none of Da Prof's metrics have entered the zone. Instead, the readings in the lower ranges of the model remain comparatively moderate, suggesting that market euphoria has not yet reached the extremes of past cycles.
While Da Prof’s main Bitcoin indicators remain elusive, the Parabola signals, another key feature of Crypto Con's analysis, have been triggered not once, but three times in this cycle. These signals are historically linked to the early stages of Bitcoin's explosive price rallies experienced during previous bull markets. However, despite these alerts, Bitcoin has yet to enter a true parabolic breakout phase so far in 2025. Crypto Con indicated that the May 2025 parabola signal is particularly noteworthy as it coincides with Bitcoin crossing a critical point.
