Bitcoin’s parabolic rally could last until Christmas with a cycle top near $300,000, according to one analyst.

• Bitcoin is ahead of its long-term “power law” curve, historically leading to euphoric price highs in previous cycles.

• A falling dollar and anticipated Federal Reserve interest rate cuts may trigger a broader risk-on rally, with Bitcoin as a major beneficiary.

• Spot Bitcoin ETFs have captured 70% of gold’s inflows in 2025.

Bitcoin 

 has rallied by 10% in July, reaching new highs at $118,600, and this could be just the beginning of a parabolic rally according to anonymous Bitcoin analyst apsk32. The analyst said that Bitcoin could be worth as much as $258,000 if history repeats itself. 

According to apsk32, Bitcoin's price action has followed a long-term power curve trendline, a mathematical model reflecting BTC’s exponential growth over time. It measures price deviation from this trendline, not just in dollar terms, but in units of time, an approach known as Power Law Time Contours.