A crypto analyst and trader who nailed the 2022 Bitcoin bull market top thinks BTC is rapidly approaching parabolic territory.

Bitcoin has hit $87k and could spike to $90k before another leg up takes 75% to $150k, a well-respected crypto analyst says

The price of bitcoin, or 1 BTC, traded at $68,837.15, as of 8 a.m. ET. The highest intraday price that the original crypto reached in the past year was $73,750.07 on March 14, 2024. The chart above is pulling data as of 8 a.m. ET daily and doesn’t display intraday highs or lows.

Bitcoin is currently up nearly 15% this week, with Cointelegraph earlier reporting on $71,500 as the key line in the sand bulls need to spark a “parabolic” phase next. Analyzing order book activity, meanwhile, popular trader Skew explained the likely methodology of the large-volume traders behind current price action.

Surprisingly, Bitcoin BTC's price broke this ATH yesterday, surging to over $82,000 and reaching 82,657 today, November 11.

Bitcoin price reaches a new all-time high of $82,471 on Monday, following a rally of almost 17% the previous week. US spot Bitcoin ETFs experienced inflows of $1.61 billion last week following Trump’s victory and the Fed interest-rate cut.