Bitcoin's price recently surged to $98,000, entering a parabolic phase, marking a significant period in its four-year market cycle. Popular crypto analyst Rekt Capital has confirmed this transition to his followers, suggesting the possibility of further rallies during this bull cycle.

After a halving event in 2022, Bitcoin's price surged beyond its 2021 high of $64,000. This trend is reminiscent of previous cycles, hinting at continued upward movement.

Rekt Capital highlighted Bitcoin's transition into the parabolic phase with a chart, indicating its potential to surge past its current levels.

The crypto community is bullish, eagerly anticipating Bitcoin's push past the $100,000 mark. Analyst Trader of Crypto predicts that Bitcoin will break this milestone, though he also notes potential risks, including a crash if market bears take control.