Bitcoin Primed for Parabola After $14,000, Says Analyst

According to a popular cryptocurrency analyst, the price of Bitcoin is set to explode when it finally passes the $14,000 mark again. @ParabolicTrav believes that the leading digital currency will quickly surge to $30,000 and beyond if the price manages to break above the local high set earlier this summer.

On June 26, Bitcoin reached a few hundred dollars short of $14,000, and the price has been bouncing between lower highs and support in the mid-$9,000s since. Many popular traders, therefore, identify $14,000 as the last major point of resistance before the December 2017 all-time high.

Bitcoin Hitting $20k is Inevitable

ParabolicTrav states in the tweet below that, since a $20,000 Bitcoin is a “foregone conclusion,” the next point investors will be eyeing will be $30,000 – more than $10,000 greater than the current Bitcoin all-time high.

Read more at BeinCrypto