Over the last 7 days, bitcoin has seen further, rapid growth as it manages to squeeze a $2,000 rally leading into its current all-time high in the $9700s a staggering 25 growth in 7 days. As discussed in previous bitcoin market analyses, the bitcoin market has progressed in a parabolic envelopeFigure 1 BTC-USD, 1 Day Candles, Macro Parabolic EnvelopeAs of the time of writing this article, the current bitcoin market has broken its linear channel outlined in purple and is now testing the upper

Source and More information: Bitcoin Price Analysis Bitcoin Tests Parabolic Trend After 25 Weekly Growth

Author: CryptScout.com