On-Chain Analyst Predicts Six to Twelve Months of 'Parabolic Advance' for Bitcoin

Checkmate, a prominent on-chain analyst, predicts that Bitcoin's current market cycle will see a parabolic move to the upside in the next six to twelve months. According to Checkmate, Bitcoin is currently in a six-month period of "chopsolidation" before the parabolic advance. Checkmate notes that Bitcoin's history tends to rhyme, and previous cycles have followed a similar pattern. The end of halving years tends to be quite bullish for Bitcoin, and corrections like the one BTC has had since March are par for the course. At the time of writing, Bitcoin is worth $63,433.