Bitcoin : Are the Bitcoin parabolic uptrend days over?
Looking at the Bitcoin price action recently we could keep asking ourselves are the [days of a Bitcoin parabolic 1250% rise over?](https://trendtradingdna.com/bitcoin-evolution-as-the-market-instrument/) From a trading point of view it is almost impossible to imagine this kind of price action will happen again.
What we could expect now if the Bitcoin breaks above the 9000 an upside swing to 12500 level. This will be clear in the next couple days and weeks and also keep in mind that if we have a break below 7000 again, you could get about the upside continuation and you can turn to 3000 level lower.
That it is folks don’t expect miracles any more and sell in the 9000-12000 range if it even gets there.
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
FindCrypto scans the web for the latest Bitcoin news, so you can find all the latest and breaking news in one convenient location.Author: trendtradingdna
Don’t forget to share the post if you love it !