An analyst who has correctly predicted Bitcoin's price movements in the past has revealed their forecast for the cryptocurrency's future price action. Despite Bitcoin's recent struggles, the analyst remains bullish on the cryptocurrency's long-term prospects.

The analyst, who has a proven track record of accurately predicting Bitcoin's price movements, believes that the cryptocurrency is headed for a major surge in the near future. According to the analyst, Bitcoin's price is expected to break out of its current consolidation phase and embark on a parabolic surge that could see it reach heights of $190,000.

The analyst's prediction is based on a combination of technical and fundamental analysis, including the use of key indicators such as the Relative Strength Index (RSI) and Moving Averages. The analyst also points to the increasing mainstream adoption of Bitcoin, as well as the improving fundamentals of the cryptocurrency, as reasons for their bullish outlook.

Despite the analyst's optimistic forecast, they also warn of potential short-term volatility in the market. The analyst notes that Bitcoin's price could experience a brief downturn before the anticipated surge, as some investors may look to take profits ahead of the expected breakout.

The analyst's prediction is in line with the views of other experts in the field, who also believe that Bitcoin has the potential to reach new heights in the near future. Some analysts have even gone as far as to predict that Bitcoin could reach a price of $1 million in the next few years, driven by increasing mainstream adoption and improving fundamentals.

However, it's important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. As such, investors should always exercise caution and do their own research before making any investment decisions.

In other Bitcoin news, the cryptocurrency has been experiencing some significant developments in terms of adoption and regulation. Recently, the British Red Cross announced that it would begin accepting Bitcoin donations, marking a major milestone for the cryptocurrency. Additionally, Turkey has unveiled plans to implement a 0.03% tax on Bitcoin transactions, in a bid to boost its economy.

In terms of price action, Bitcoin has been experiencing some significant fluctuations in recent days. After reaching a high of $67,000, the cryptocurrency's price plummeted to $65,000 before recovering slightly to its current price of $65,325.60. Despite the recent volatility, Bitcoin's price remains up by over 150% since the beginning of the year.

Overall, the analyst's prediction of a major surge in Bitcoin's price is in line with the views of other experts in the field. While the cryptocurrency market is highly volatile, the fundamentals of Bitcoin remain strong, and the increasing mainstream adoption of the cryptocurrency is likely to drive its price higher in the long term. As such, investors should keep a close eye on Bitcoin's price action in the coming weeks and months, as it could be poised for a major breakout.