IS BITCOIN GOING PARABOLIC?
In my earlier analysis I argued that Bitcoin had a massive resistance ahead, namely the June 2019 high and the upper band of the upward channel.
It seems that the election frenzy has boosted investor's convidence to push Bitcoin towards 15k. The resistance was broken by such massive bullish force that it could signal a new parabolic move this year and push toward the all-time-high of 20k.
If the enormous buying pressure keeps persisting throughout 2020, we could see a new all-time-high soon.
It seems that the election frenzy has boosted investor's convidence to push Bitcoin towards 15k. The resistance was broken by such massive bullish force that it could signal a new parabolic move this year and push toward the all-time-high of 20k.
If the enormous buying pressure keeps persisting throughout 2020, we could see a new all-time-high soon.
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