Q. Bitcoin Ready For A Parabolic Rally?
Bitcoin Ready For A Parabolic Rally?
While Bitcoin is far from a full-on bull run, analysts have already tried to call the next BTC top, if there is one that is. And as normal, these traders have been crazy bullish. Trace Mayer, a long-time Bitcoiner, recently remarked that per his indicator, the Mayer Multiplier, which ways current prices and the 200-day moving average, we may have just entered “crypto spring.” In fact, the Mayer Multiplier recently surmounted 1.0, and is moving in a way that resembles that seen in 2015’s Bitcoin recovery. And if previous market cycles rhyme, BTC could see $100,000 or even $250,000 by 2021.
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answered by adrienneholt
Asked in CategoryCryptocurrency
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