Bitcoin's $117K Break Could Spark Parabolic Rally

Bitcoin's recent surge has analysts predicting a potential parabolic rally if the cryptocurrency breaks through the $117,000 resistance level. As of now, Bitcoin is trading at around $97,671 on the 4-hour chart, having gained significant momentum in recent weeks.

Semilore Faleti, a cryptocurrency writer and analyst, has been closely monitoring Bitcoin's price action and believes that a break above $117,000 could trigger a massive rally. Faleti has been covering the cryptocurrency space for over two years, focusing on various aspects such as blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFTs), regulations, and network upgrades.

Faleti's expertise in the field has allowed him to provide insightful analysis and predictions on Bitcoin's price movements. He has been reporting on the latest news, on-chain developments, and whale activity, as well as covering token analysis and price predictions by top market experts. His work at NewsBTC aims to inform and educate readers on the latest trends and developments in the rapidly evolving world of digital assets.

Faleti's passion for cryptocurrency extends beyond his professional work. He is a strong advocate for social justice, promoting fairness, inclusivity, and equity. He actively engages in issues centered around systemic inequalities and all forms of discrimination. Faleti also encourages political participation and believes that active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

As Bitcoin continues to make significant strides, analysts like Faleti will continue to monitor its price action and provide valuable insights into the cryptocurrency market. The potential break above $117,000 could indeed trigger a parabolic rally, further cementing Bitcoin's status as a leading digital asset in the financial landscape.