n nn nn n nnSummaryThe bitcoin market has gone parabolic as we blasted off through two major weekly levels. The resistance got crushed due to a high amount of short positions that were force liquidated in an event known as a short squeeze.We are currently testing the $8,000 level but a major weekly resistance level looms directly overhead in the $8,150 area. The price structure is looking fairly climactic and we might see a strong round of selling hit the marke

Source and More information: Bitcoin Price Analysis Where Is the Local Top for This Parabolic Run

Author: CryptScout.com