Bitcoin has broken all-time highs for the fourth consecutive day, surging to an impressive $99,500. This historic price action follows a wave of bullish momentum that began after President-elect Donald Trump’s victory in the US elections on November 5, further energizing both investors and analysts.

Market sentiment remains extremely optimistic, with Bitcoin’s recent rally reinforcing its position as a dominant asset in the financial landscape. CryptoQuant CEO Ki Young Ju provided key insights into this remarkable trend, sharing an X analysis highlighting BTC’s entry into a parabolic bull scenario.

According to Ju, this price discovery phase occurs only once every four years and signals a prolonged period of exponential growth for BTC.

Ju emphasized that Bitcoin’s parabolic run is still in its early stages, with historical patterns suggesting that this bullish period could extend for several months. Investors are watching closely as BTC continues its upward trajectory, with expectations mounting for the next psychological milestone of $100,000. As the market navigates this unprecedented rally, all eyes remain on BTC’s ability to sustain its momentum during this pivotal price discovery phase.

Bitcoin Enters Price Discovery

Bitcoin entered price discovery when it broke its March all-time high of around $73,800 just over sixteen days ago. Since then, BTC has surged more than 45%, pushing the price closer to the $100,000 mark, a psychological level many investors anticipate will soon be tested.

As the market enters this exciting phase, Bitcoin’s price action has been nothing short of impressive, with strong demand and consistent bullish momentum continuing to fuel the rally. CryptoQuant CEO Ki Young Ju recently shared an analysis on X, showcasing historical BTC parabolic bull scenarios during price discovery and drawing comparisons to the current one.

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Author: Sebastian Villafuerte