Bitcoin price action has been known to go \u201cparabolic\u201d when speculation in the crypto market is in full gear. Prices begin to rise rapidly with very few pullbacks in between.<\/p>\n
According to evidence, a parabolic structure is possibly building that could cause BTCUSD to \u201cdouble\u201d in a short amount of time. And with the first ever digital asset now above $30K per coin, it means a potential monstrous move to $60K could be on the horizon.<\/p>\n
In technical analysis, an asset is said to have gone \u201cparabolic\u201d when an increasingly steep upward curve supports a series of higher highs and higher lows.<\/p>\n
Parabola typically forms in a sideways, horizontal range. After each higher low, price accelerates further, causing the angle of the slope to nearly go vertical.<\/p>\n
Bitcoin has done this several times throughout its short history. And after the longest bear market on record, the cryptocurrency could be ready for another parabolic rally.<\/p>\n\n
A comparison with the iconic parabolic curve example, possibly puts Bitcoin price at what would be the third touch and third base of a four-base pattern. A rounded parabolic curve is supporting a series of high timeframe higher lows.<\/p>\n
Base three is significant because it is said to produce a move where the asset \u201cdoubles in the shortest period of time.\u201d With Bitcoin near $30K, $60K could be right around the corner if this is an accurate patter.<\/p>\n
Above base three is base four, meaning there is yet another zone of consolidation somewhere above that will touch down on the curved parabolic trend line a final time. From there, the next time it touches the curved line will be after a peak of the parabolic rally.<\/p>\n\n
Don\u2019t believe this structure is possible in Bitcoin? Simply take a look at past cycles for an example. In the above chart, Bitcoin formed several bases in a row. After touching the X, price didn\u2019t just \u201cdouble,\u201d it did 1,700% ROI. Even then, BTCUSD wasn\u2019t done climbing, rallying another 700% from base four.<\/p>\n
These figures aren\u2019t probable again, but it speaks to the fact that something big very well could be coming soon.<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
Bitcoin price action has been known to go \u201cparabolic\u201d when speculation in the crypto market is in full gear. Prices begin to rise rapidly with very few pullbacks in between.<\/p>\n
According to evidence, a parabolic structure is possibly building that could cause BTCUSD to \u201cdouble\u201d in a short amount of time. And with the first ever digital asset now above $30K per coin, it means a potential monstrous move to $60K could be on the horizon.<\/p>\n
In technical analysis, an asset is said to have gone \u201cparabolic\u201d when an increasingly steep upward curve supports a series of higher highs and higher lows.<\/p>\n
Parabola typically forms in a sideways, horizontal range. After each higher low, price accelerates further, causing the angle of the slope to nearly go vertical.<\/p>\n
Bitcoin has done this several times throughout its short history. And after the longest bear market on record, the cryptocurrency could be ready for another parabolic rally.<\/p>\n
A comparison with the iconic parabolic curve example, possibly puts Bitcoin price at what would be the third touch and third base of a four-base pattern. A rounded parabolic curve is supporting a series of high timeframe higher lows.<\/p>\n
Base three is significant because it is said to produce a move where the asset \u201cdoubles in the shortest period of time.\u201d With Bitcoin near $30K, $60K could be right around the corner if this is an accurate patter.<\/p>\n
Above base three is base four, meaning there is yet another zone of consolidation somewhere above that will touch down on the curved parabolic trend line a final time. From there, the next time it touches the curved line will be after a peak of the parabolic rally.<\/p>\n
Don\u2019t believe this structure is possible in Bitcoin? Simply take a look at past cycles for an example. In the above chart, Bitcoin formed several bases in a row. After touching the X, price didn\u2019t just \u201cdouble,\u201d it did 1,700% ROI. Even then, BTCUSD wasn\u2019t done climbing, rallying another 700% from base four.<\/p>\n
These figures aren\u2019t probable again, but it speaks to the fact that something big very well could be coming soon.<\/p>\n
<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-31336","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/31336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=31336"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/31336\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=31336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=31336"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=31336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}