The current market environment creates ideal conditions for a parabolic rise in Bitcoin, according to analysts predicting the price could reach $148,000 by February 2026.

Following Donald Trump’s election as the 47th President of the United States, the crypto market surged: between November 5 and December 17, 2024, Bitcoin jumped from $67,000 to $106,000 — a 56% increase in just over a month.

Macro analyst and Lekker Capital CIO Quinn Thompson sees a similar setup now. According to him, “the current configuration for BTC and ETH is rare — the largest position flush in crypto history, occurring right as we approach a macroeconomic Goldilocks scenario.”

This refers to a sharp drop in open interest — the total number of active futures contracts — following the October 10 flash crash, during which a record $19 billion was liquidated. Historically, such declines in open interest have preceded massive rallies. “The setup is similar to what we saw before Trump’s victory in 2024,” Thompson noted.

Valter Rebelo, Head of Digital Assets at Empiricus, shares the same view. Statistically, Bitcoin tends to rise by 25.9% within 30 days of major liquidation events and by 33.8% after 120 days.

Given that BTC dropped to $111,000 on October 10, analysts expect the price to reach around $139,000 by November 9 and climb to $148,000 by February 7, 2026. Still, this remains below Bitwise CIO Matt Hougan’s forecast of $200,000 by the end of the year.