Bitcoin to Test a New Parabolic Trajectory & Trade $50,000+

[Goodcat49]

A veteran commodity trader since 1980 Peter Brandt, who predicted both Bitcoin’s $20,000 hike and 80%+ fall to below $4,000, reveals it would not shock him if the price of Bitcoin – the leading crypto by market cap (MC) – entered a fresh parabolic phase. He thinks that BTC is following the same trends as those of 2015, that could result into 100x surge.

Some years back, an ostensible parabolic arc pattern was formed after a double bottommost pattern. The same pattern is occurring now, either from the late last year’s bottom of around $3120 or retest of this very value, BTC could well be stepping into a fresh phase, as per the expert.   

He alludes that the latest chart is a coarse analog of the double bottom that happened four years ago. This nethermost followed the crash from the former pattern, that culminated in late 2013. 

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/parabolic-trajectory-trade/