Bitcoin Price Chart: Technical Indicator Gives 5th Ever Parabolic Signal12.2

While Bitcoin price is struggling with overhead resistance at the moment and taking a much needed breather from its bullish rally that began in early April with a $1,000 green candle, the cryptocurrency may have a lot more parabolic momentum left, according to one specific technical indicator.

The technical indicator in question has just given its fifth ever “parabolic” signal on the daily, with the previous four times resulting in massive, sustained price increases in the leading cryptocurrency by market cap. Should the indicator be correct, another powerful parabolic run might just be days away.

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