Jan 11 2021

Prominent Investors are Selling Bitcoin, Calling Recent Parabolic Rise “Unsustainable”

published by Cole Petersen
in blog Bitcoinist.com
original entryProminent Investors are Selling Bitcoin, Calling Recent Parabolic Rise “Unsustainable”

bitcoin btcusd btcusdt xbtusd

Bitcoin’s parabolic advance has finally come to an end, with bulls losing their footing following the recent break below $40,000 Its macro parabola could very well still be valid and in play, but it will require a firm and swift trend reversal in the near-term The entire market is reeling lower in tandem with Bitcoin, and investors widely believe that the ongoing descent...