Bitcoin

Bitcoin Enters Parabolic Trend, Reaches 2019 ATH

Bitcoin’s rise in value is has the entire cryptocommunity talking and, as each resistance level seems to be passing by, investors look to the next barrier that might be crossed. The price currently sits at just under the $6,300 mark.

Peter Brandt, a seasoned trader who correctly predicted the 80% drop in price in 2018, had said in April that it would not “surprise him if Bitcoin enters a new parabolic phase”,

Indeed, things are looking good for the market in a time where many experts and analysts are predicting the arrival of a bull market. Fundstrat’s Tom Lee has given the arrival of a bull run a rough window of about 6 months, while Galaxy Digital CEO Mike Novogratz has said that it would not surprise him if bitcoin hit $20,000 in 18 months.

Abhimanyu Krishnan

Abhimanyu is an engineer on paper but a writer by living. To him, the most celebratory aspect of blockchain technology is its democratic nature. While he’s hodling, he can be found reading a good book or making the local dogs howl with the sound of his guitar playing.

Share
Published by
Abhimanyu Krishnan

Recent Posts

Is A Silicon City Tech Giant Behind BlockDAG Network As Its $11.4M Presale Outcasts Floki Inu Price Surge Amid BOME Fluctuation

With Floki Inu's next bull run approaching, investors are closely monitoring its innovative token burn…

2 weeks ago

BlockDAG Becomes Top Crypto Investment Choice with $9.9M Presale, Beating Fantom & Apecoin

BlockDAG (BDAG) has continued to stand out with its innovative presale strategy, offering early investors…

2 weeks ago

Render and Dogecoin Price Predictions Defy Expectations As BlockDAG Emerges as the Highest ROI Crypto for 2024

As we venture into 2024, the crypto market is brimming with potential for unprecedented growth.…

2 weeks ago

Solana’s 20% Trading Spike Sparks BlockDAG Presale Interest While Memeinator Presale Reaches Edge

This analysis contrasts the flourishing momentum of BlockDAG coin's presale against the backdrop of the…

3 weeks ago

CryptoGames Review: Bitcoin and Altcoin Casino

Ever wondered what it is like to experience the extravagant casino vibes in the comfort…

2 years ago