Analyst: Bitcoin (BTC) Short-Term Bullish, But Long-Term Chart Suggests Pullback

Somehow, someway, Bitcoin (BTC) has managed to keep up the bullish momentum for upwards of three months now. The short-term would suggest that this may continue. As analyst Dave The Wave recently pointed out, the daily chart for the leading cryptocurrency currently has a “stunning technical set up.”

What Dave seems to be referring to is the fact that BTC is currently trading in a triangle pattern that exhibits a clear uptrend. What’s more, a medium-term parabola has continued to hold, and suggests that BTC could move to $9,000 and beyond by early-June.

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