Bitcoin Parabolic Trend Still Intact as Bulls Ramp Up Buying Pressure

Bitcoin investors have been quite pleased over the past several months as BTC has put a significant amount of distance between its 2018 lows and its current prices. It is important to note that this upwards momentum has turned parabolic in recent times, signaling that significantly further gains could be imminent.

Now, analysts are noting that Bitcoin’s recent recovery is one of the strongest that any asset has incurred throughout recent history, and that its upwards parabolic formation is still intact, which may mean that it will continue climbing higher before its momentum slows.

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