Crypto analyst Jack suggests Bitcoin could see another parabolic rally, mirroring gold’s 2020 trend. He believes current oil price drops signal troubled economic conditions, setting up the perfect scenario for Bitcoin. Jack stresses the importance for BTC to stay above $93,000 to avoid further declines.
Jack, a well-followed crypto strategist, is optimistic about Bitcoin’s potential for a final parabolic rally in this market cycle. Sharing insights with his 268,600 followers on X, he made it clear that he doesn’t foresee the Federal Reserve cutting interest rates at their upcoming meeting, despite the price of oil recently dipping below $60. This decline, he notes, reflects troubling financial conditions already at play in the market.
As of now, oil is trading at $59.77, marking a notable drop of over 22% from its 2025 opening price of $77.46. Such crashing oil prices often indicate demand destruction, suggesting a weakened global economy, which Jack believes could pave the way for Bitcoin’s rise.
According to the analyst, the current bearish macroeconomic environment is ideal for what he calls the “perfect trade” for Bitcoin. He suggests looking at gold’s price action in March 2020 as an example. At that time, gold experienced a brief but sharp decline before embarking on an impressive 43% rally over the next five months. Jack sees a similar pattern unfolding for Bitcoin.
He mentions, “How does Bitcoin perform here? Best guess is it follows equities but decouples and recovers quickly.” He envisions this may create a scenario ripe for a dramatic upward movement, laying the groundwork for a significant rally in the near future.
Focusing specifically on Bitcoin, Jack advises that it needs to maintain a level above $93,000 to prevent another corrective trend. He warns BTC bulls that if the price falls below a certain threshold, a further drop could occur.
As of now, Bitcoin is trading for $96,791 and has seen a rise of over 2% in the past 24 hours, which is good news for some traders. With the market shifting, many in the crypto community will be watching closely to see how these dynamics play out.
