A closely followed analyst believes that the recent Bitcoin price doldrums are setting the stage for the crypto king (BTC) to go on a parabolic surge.

According to Credible, Bitcoin could correct to as low as $25,000 and still be in a position to ignite the next stage of its parabolic rally.

"By the time we’re at $40,000 or $50,000… nothing’s stopping us from going to new all-time highs if we get this high. We’re not stopping here… We will be at new all-time highs before you know it and certainly before 2024 in my opinion.”

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