Tag Archives: Parabolic

Bitcoin Rallies Aggressively After Defending ‘Parabolic’ Price Support

The bitcoin price rallied aggressively on Wednesday after the beleaguered cryptocurrency defended a vital support level that has fortified its nearly five-year-old “parabolic” uptrend. Just hours after careening to seven-month lows below $6,500, the notoriously volatile asset jerked toward a recovery, ascending a wall of sell orders in near-instantaneous fashion. Continue reading Bitcoin Rallies Aggressively After Defending ‘Parabolic’ Price Support

Legendary Trader Presents Two Scenarios for Parabolic $100,000 Bitcoin Price

Peter Brandt, the most followed trader on Twitter, was feeling extra generous this week. The veteran analyst made his Bitcoin Live Crypto report available at no cost. In this particular presentation, Brandt reveals that he is long-term bullish on the top cryptocurrency. He believes that bitcoin will eventually climb to $100,000 or even possibly higher. Continue reading Legendary Trader Presents Two Scenarios for Parabolic $100,000 Bitcoin Price

Bitcoin’s Parabolic Move Shows Why It’s a Sucker’s Bet

Bitcoin has been on a tear lately, exploding from $3,000 to over $13,850.While pundits try and ascribe reasons for the move, bitcoin traders who have managed to ride the wave are cheering. For now. If anything, this wacky move only serves to support the long-term bearish argument on bitcoin. Continue reading Bitcoin’s Parabolic Move Shows Why It’s a Sucker’s Bet