<ul data-eligibleForWebStory="false"><li>Bitcoin (BTC) is showing bullish signs with technical patterns and indicators suggesting a potential parabolic rally towards a new all-time high.</li><li>Analysts have pointed out a bullish pennant breakout projecting a target of $150,000, an inverse head and shoulders pattern indicating continued bullish momentum, and comparisons to the 2013–2017 BTC cycle.</li><li>On-chain data reveals declining BTC exchange reserves to multi-year lows, signaling a tightening supply and potentially paving the way for significant upward movement.</li><li>However, the TD Sequential indicator has raised a warning signal for a potential correction to as low as $40,000 amidst the current bullish momentum. BTC is currently trading at $109,232.</li></ul>

Bitcoin Primed for Parabolic Growth? Analysts Highlight Key Bullish Signs

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