Why this week is set to trigger Bitcoin’s parabolic run
If historical price movements are anything to go by, then this week could be pivotal for Bitcoin (BTC), as it could trigger a parabolic rally amid the current consolidation below the $95,000 level, as per an outlook by a trading expert. TradingShot , a prominent online cryptocurrency analyst, notes that Bitcoin’s current cycle is replicating the 2014–2017 market structure, which opens the door toward the $200,000 target, according to an Analysis shared in a TradingView post on January 13. Bitcoin price analysis chart. Source: TradingView/TradingShot The Analysis identified two distinct accumulation phases above the one-week moving average that have occurred, signaling key long-term buying opportunities. Picks for you Bitcoin price prediction for January 31, according to BTC historical returns ...