Crypto Analyst: Bitcoin Price Now Above Ideal Buying Zone, Shortest Duration Yet8.2

The parabolic rise in Bitcoin price over recent weeks has shocked the entire crypto market, as the leading cryptocurrency by market cap revives memories of its media-fueled meteoric rise to its all time high price of $20,000 in late December 2017.

Following the break of that famous parabolic advance, Bitcoin price ping ponged between decreasingly lower resistance levels and support at $6,000, until that support broke in November 2018. Once the crypto asset broke below $6,000 it reached what one crypto analyst calls the “ideal buying zone” – a zone the price per BTC has now left, making it the shortest time the cryptocurrency has ever spent in accumulation before resuming a bull cycle.

Original source
https://www.newsbtc.com/2019/05/14/crypto-analyst-bitcoin-price-now-above-ideal-buying-zone-shortest-duration-yet/

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