Bitcoin Could Hit $135,000 in Vertical Rally, Says Analyst

He believes the final barrier lies just above $110,000. A breakout from that level could send Bitcoin into a vertical surge.

“This could be an epic few months,” Svenson said, citing the continuation of the parabolic trend. According to him, BTC appears poised for a “blow-off top” — a rapid and unsustainable price spike.

He explained that parabolic moves grow increasingly steep before reversing. Similar phases occurred during Bitcoin’s 2017 and 2021 bull cycles.

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Svenson’s chart shows Bitcoin possibly climbing as high as $135,000 before the rally cools. He warns the move could end abruptly, but suggests the bullish phase may extend into October before momentum fades.

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