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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The head of digital assets research at exchange-traded fund (ETF) provider VanEck believes Bitcoin (BTC) is heading even higher this cycle after putting up massive gains.

In a new interview on CNBC’s Squawk Box, VanEck executive Matthew Sigel says that Bitcoin may soar more than 102% from its current value.

“We think it’s just started. As we expected, Bitcoin saw this high volatility pump after the election. We’re now in blue sky territory, no technical resistance, and we think we’re likely to make repeated all-time highs over the next two quarters. The same pattern played out four years ago. Between the election and the end of the year in 2020, Bitcoin doubled. There were about six 10% corrections. So it’s not going to be a straight line. But we’re up 30% so far, and the number of indicators that we track are still flashing green for this rally to continue.”

Sigel predicts Bitcoin will continue to soar to a high of $180,000, in part due to the election of pro-crypto Donald Trump as US president. He also says that deep-pocketed investors are increasingly looking to gain exposure of the top digital asset my market cap.

“This is a state change in terms of government support…

The number of calls that I’m getting inbound from investment advisors who are at zero and looking to get to 1% or at 1% and looking to get to 3%, these calls are starting to accelerate, and we think the flows are going to follow.

Our price target for this cycle is $180,000. We think we can reach that next year. That would be 1,000% return from the bottom to the peak this cycle. That’s still the smallest Bitcoin cycle by far.”

Bitcoin is trading for $88,723 at time of writing, up more than 145% in the last year.

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“This report tells the story of progress and calculated risk, the use of a diverse set of strategies to leverage opportunities and most of all, the continued belief in the market’s long-term potential to reshape traditional financial markets” Lucas Schweiger, Sygnum Digital Asset Research Manager and report author, said in the press release shared with CoinDesk.