Sorry Bulls, Bitcoin Isn’t Going Parabolic Just Yet... Here’s Why:

In the middle of 2019, when Bitcoin had just surged above $10,000 on the back of an influx of buying pressure caused by market FOMO amongst investors, analysts thought BTC was on the verge of going parabolic again.

You see, after a year of brutal 80% decline in a period now known as “Crypto Winter,” which brought BTC as low as $3,150, investors were ready for some sunlight. The 300% pump that took place in six months’ time was enough to convince investors that Bitcoin was about to wave goodbye to five digits and “moon.”

But, in classic cryptocurrency fashion, BTC tanked, with the price falling 50% to a low of $6,400 by December of last year. But, since bottoming there, the leading cryptocurrency has rallied by over 30%, leaving emotional investors to once again say a parabolic move that will bring Bitcoin above $100,000 is on the horizon. Read More...


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