An analyst is leaning bullish on Bitcoin (BTC) amid the flagship crypto asset’s rally to a new all-time high of around $93,500.

The analyst pseudonymously known as Rekt Capital tells his 95,400 YouTube subscribers that Bitcoin has finally broken into the “parabolic phase of the cycle.”

“So we’re going to see multiple weeks of upside… before we see the first sort of correction.”

According to the pseudonymous analyst and trader, Bitcoin has a little over 40 weeks before it hits the top of the cycle based on historical precedent.

“We are in the parabolic phase of the cycle once again, only just beginning it. And here we can see that the bull market top based on what we’ve seen in the past is mid-September to mid-October 2025.

Because simply put, it takes Bitcoin 518 days after the halving to the bull market peak. That was the case in 2017 and in 2020 it was a little bit longer – 550 days after the halving.

So if we’re going to essentially just do this, then it gives us a bit of a cushion of 30 days or so that we might see mid-September to mid-October 2025 in terms of a bull market peak.

And so we are in the final phase of the Bitcoin cycle, the post-halving parabolic upside phase and it is quite an extensive phase. You can see that this tends to last quite a bit of time and 300 days or so is something we can roughly expect.”

Bitcoin is trading at $89,230 at time of writing.

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MicroStrategy CEO Michael Saylor is expecting Bitcoin to hit $100,000 before the end of the year, stating that the 2024 U.S election outcome was ‘the biggest thing that’s happened in the past four years for Bitcoin.’

In an interview with CNBC on Nov. 14, the MicroStrategy CEO stated he is already planning a “New Year’s Eve” party at his house to celebrate Bitcoin (BTC) hitting an all-time-high of $100,000. When asked whether he sees any threats that could pull Bitcoin down to $30,000, Saylor expressed certainty that BTC will not go down below $60,000.

“I think it’s going to go up from here. I’m planning the $100,000 party and I’m thinking it’s probably going to be New Year’s Eve at my house. So I would be surprised if we don’t go through $100,000 in November or December,” said Saylor.

Most recently, Bitcoin reached a new all-time high of over $93,400 shortly after the U.S. CPI report was released on Nov. 13. According to data from crypto.news, BTC is currently trading hands at $89,083 after going down by 1,7% in the past 24 hours of trading.

Saylor attributed Bitcoin’s ongoing bull run to President-elect Trump’s win and the Republican party’s dominance over the House of Representatives and Congress, stating that “the red wave is probably the biggest thing that’s happened in the past four years for Bitcoin.”

Shortly after Donald Trump was confirmed as the President Elect of the United States, Bitcoin reached an all-time high of $75,000. As Bitcoin is often an indicator for all other altcoins in the industry, other cryptocurrencies like Ethereum(ETH), Solana(SOL) as well as meme coins such as cat in a dogs world(MEW) and Peanut(PNUT) have risen along with it.

“I think this is incredibly bullish for digital assets. It’s very good for the crypto industry. We’re gonna see a lot more pro Bitcoin policies. We’re gonna see a digital assets framework. We’re gonna see an end to the war on crypto,” said Saylor.

At the time of writing, Stand With Crypto recorded 272 pro-crypto candidates have been elected into the House of Representatives, with a majority of them being Republicans.

On Nov. 11, Michael Saylor announced that MicroStrategy has invested an additional $2.03 billion worth of BTC, bringing their total Bitcoin holdings to 279,420 tokens. MicroStrategy currently holds the largest Bitcoin Reserve owned by a company.