Bitcoin is nearing a critical point in its latest bull market, where a weekly close above $71,500 could signal the start of a parabolic phase, according to analyst Rekt Capital. After a lengthy reaccumulation period lasting over 200 days, the chances of a significant breakout have increased. Current price movements suggest Bitcoin is poised for rapid gains, contrasting with past cycles, as evidenced by a comparison to its 2020 breakout. Recent data shows a substantial inflow of ERC-20 stablecoins into exchanges, traditionally signaling the onset of an extended bull run, with a reported $9.3 billion deposited following the US presidential election results. Analysts predict that if Bitcoin closes above $71,500, it may indicate a transition from a reaccumulation phase to a parabolic uptrend, setting the stage for a potential longer bull run ahead. As Bitcoin trades at $75,200, market predictions remain ambitious, with some anticipating prices to reach six figures or beyond by 2025.

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