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An analyst known for making timely Bitcoin calls believes that BTC<\/a> is poised to witness steep rallies in the coming months.<\/p>\n In a new video, trader Kevin Svenson tells his 83,200 YouTube followers that Bitcoin appears to be in the final stages of a parabolic trend that began in 2023.<\/p>\n According to Svenson, Bitcoin could ignite a fresh leg up once it takes out its final resistance area at around $110,000.<\/p>\n \u201cIt\u2019s going to be a really epic next few months if we do get this breakout, because we are still following the parabolic trend to this day.\u201d<\/em><\/p>\n Svenson believes that a breakout will trigger a \u201cblow-off top\u201d for Bitcoin, where BTC will experience a period of rapid price increases before collapsing.<\/p>\n \u201cThe next phase is the vertical phase, where you go into a potential blow-off top. A parabola is simply just an exponential trend and it gets steeper and steeper. And because of that, by definition, the parabolic trend it\u2019s unsustainable\u2026\u00a0<\/em><\/p>\n It\u2019s a trade-off: it gets really, really bullish, and because of that, it\u2019s unsustainable. Eventually, the trend just gives out just like Bitcoin in 2017, 2021. Eventually, the trend will shift back\u2026<\/em><\/p>\n But this next push could be until October.\u201d<\/em><\/p>\n Looking at the trader\u2019s chart, he seems to predict that BTC will soar to $135,000 in the coming months. At time of writing, Bitcoin is worth $110,085.<\/p>\n