Bitcoin’s Next Parabolic Cycle Could Lead it into an Insane 6,500% Rally

Bitcoin has been caught within a wild uptrend throughout 2020, rapidly rising from lows of $6,800 to highs of $9,600.

This uptrend, although wild on a small scale, may ultimately prove to be minuscule when compared to the insane rally the cryptocurrency could see in the coming several months, as historical data suggests that BTC could soon rally 6,000%.

In spite of this, this historical guidance may prove to be overly optimistic, as it doesn’t take into account the diminishing returns that come about as an asset’s market capitalization grows.

If History Rhymes, Bitcoin Could Rally to Over $600,000

In the time following Bitcoin’s massive 2017 rally that led it to highs of just under $20,000, many optimistic investors and analysts have been setting pipe dream targets for the cryptocurrency, with many analysts offering targets within the seven-figure range.

In spite of this, it is important to note that it is possible that history suggests that this type of insane…