Bitcoin Poised for Last Leg of Parabolic Rally, Analysts Suggest Strong Uptrend Ahead
Crypto analyst Kevin Svenson believes Bitcoin is poised for its final surge within its parabolic trend.
In a recent video update, Svenson, addressing his 142,100 followers on X. Predicts that Bitcoin could climb to nearly $100,000 as it approaches the last stage of its parabolic rally. Pointing to technical indicators like the MACD, Svenson draws parallels to Bitcoin’s past rallies, particularly in 2017, indicating that Bitcoin’s current behavior aligns with a continuation pattern, potentially leading to a significant upward movement. As of the latest data, Bitcoin’s value stands at $66,557.
Clever Robot News Desk 25th April 2024
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