RE: Bitcoin: Indicator That Flashed Before Previous Parabolic Rallies Flashing Again
Bitcoin about ready for take-off? Some may say it is looking that way!
Bitcoin just printed an elusive buy signal that has preceded previous parabolic rallies
Following a brief overnight selloff that sent Bitcoin to lows of $9,200, the cryptocurrency’s bulls have been able to post a strong defense of this key support level and have subsequently rallied BTC back up to its 2020 highs of $9,500.
BTC’s rally up to these levels elucidates that it is firmly in the control of buyers at the present and may signal that fresh year-to-date highs are imminent.
Now, one elusive technical indicator that has emerged during the start of previous parabolic rallies is flashing again, suggesting that BTC is about to see some massive gains.