Analysts expect parabolic Bitcoin price move after the ‘last’ resistance at $...

Analysts expect parabolic Bitcoin price move after the ‘last’ resistance at $...

Analysts say BTC price is set for a near parabolic price move once the “last” resistance at $67,000 is cleared. The bulls are on the march again and this time they've set their sights on a new all-time high for Bitcoin (BTC) price which is within striking distance of the $67,000 level.Data from Cointelegraph Markets Pro and TradingView shows that a late-night surge on Nov. 7 catapulted the price to an intraday high at $66,557 and at the time of writing trading volume continues to increase as bulls attempt to secure a daily close above $66,000.BTC/USDT 4-hour chart. Source:....


Related News

Analysts Expect Explosion Past $500 as Ethereum Nears Crucial Resistance

Ethereum has undergone a strong rally over the past 48 hours as the crypto market has bounced back from the weekly lows. The price of ETH currently is $473, up 5% in the past 24 hours alone. Analysts expect further gains as the asset looks poised to close a daily candle above $482, which should trigger a move above $500. Ethereum Set to Explode Past $500, Analysts Say Ethereum has undergone a strong rally over […]

Larger Parabolic Move In Bitcoin “Imminent” After Breaking Bearish Ceiling

Bitcoin today smashed through its short-term “bearish ceiling” set after running into resistance earlier this week. With the level now out of the way and cleared, the asset’s larger parabolic move continuing is “imminent,” according to one crypto capital manager. Here’s what the rest of the parabolic move might look like, once the uptrend regains its previous momentum. Bitcoin Blasts Through Bearish Ceiling, Nabs Another New Record High Following the news that Tesla had bought […]

Bitcoin Explodes Past $15,000 as Analysts Expect Further Upside

If it isn’t already clear, Bitcoin is caught in the throes of a full-fledged bull market as its price rallies towards $15,000 This move came about in the form of a parabolic advance overnight, with buyers overwhelming sellers once again The cryptocurrency is showing few signs of weakness as it continues flashing immense signs of strength Where it trends in the near-term will likely depend on its continued reaction to $15,000 Traders are noting that […]

XRP Sees Parabolic Explosion Overnight as Analysts Eye Further Upside

Much to the surprise of investors, XRP has been one of the best performing cryptocurrencies over the past day, with bulls taking full control of its price action following a break above its trading range between $0.20 and $0.30. It is now going parabolic, with bulls erasing its recent underperformance trend as they aim to […]

3 reasons Bitcoin price hit $17K, marking a new parabolic uptrend

Bitcoin price surpassed $17,000 for the first time since December 2017. The price of Bitcoin (BTC) surpassed $17,000 for the first time since December 2017, continuing its current uptrend. The rally comes after BTC broke out of the previous parabola, which initially caused concerns.Three factors likely contributed to the ongoing rally: new parabolic trend, resilience above $16K, and Bitcoin absordbing whale selling pressure.New parabolic trendOn Nov. 16, Cointelegraph reported that analysts found the Bitcoin price dipped below a parabola dating back to September.Though the trend seemed....