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.

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