Bitcoin News: Bitcoin Poised for Parabolic Rally with Weekly Close Above $71.5K

According to Cointelegraph: Bitcoin (BTC) could enter a "parabolic phase" if it secures a weekly close above $71,500, according to crypto analyst Rekt Capital. After months of “re-accumulation” following BTC’s surge to new all-time highs in March, the asset now stands on the brink of a breakout that could spark a powerful bull run.BTC on the Edge of a Major BreakoutRekt Capital suggests that a weekly close above $71,500 would signify the end of the re-accumulation phase, propelling BTC into a "parabolic upside" phase. This would mark a transition similar to the breakout of 2020 when BTC surged past $20,000 after a prolonged consolidation period. Although Bitcoin’s cycle has accelerated slightly since the halving event, the re-accumulation period of over 200 days could set the stage for a more sustained bull run.Stablecoin Inflows Signal Growing Market OptimismAdding to the bullish outlook, data from CryptoQuant highlights a massive $9.3 billion inflow of stablecoins into exchanges post-election, the second-largest influx of ERC-20 stablecoins ever recorded. Historically, such substantial inflows precede major crypto rallies, as stablecoins often signal fresh buying power and liquidity entering the market.Bitcoin’s Price Target: Six Figures on the Horizon?Bitcoin price predictions have become increasingly optimistic, with some analysts forecasting six-figure targets for BTC. Market participants are now eyeing $130,000 or more in 2025, signaling growing confidence in Bitcoin’s upward trajectory. As BTC trades near $75,200, a weekly close above $71,500 could confirm the beginning of a new parabolic phase, potentially bringing significant gains for investors.Read More: Federal Reserve Reports Progress Toward Inflation Target Dollar Index Rises Following Federal Reserve Rate DecisionBitcoin News: FOMC's Next Move in Focus for Bitcoin Price Predictions