Bitcoin’s Parabolic Bull Run to $50,000+ Will Begin Very Shortly?

Bring on the Bull-Run! Bitcoin is right @ $9770 this morning

Bitcoin’s Parabolic Bull Run to $50,000+ Will Begin Very Shortly

“According to prominent trader Bitcoin Jack, former head analyst at trading group Bravado, Bitcoin is showing signs that 2020 will ‘cement the foundation for the next parabolic run.’

As to why this is the case, the analyst looked to BTC’s one-week Ichimoku Cloud, which should show what long-term trends are forming and what key price points there are to watch out for.

The start of the two previous macro bull trends in 2012 and 2016 saw the indicator print a ‘thin red cloud,’ which some would classically define as bearish but turned out to be extremely bullish for Bitcoin.

In fact, in 2012, BTC immediately began to rally higher once the thin red cloud was reached, and Bitcoin rallied by nearly 100% in the five weeks after the thin red cloud was reached in 2016.”

https://www.newsbtc.com/2020/02/21/crucial-indicator-bitcoin-parabolic-bull-run-50000-begins-2020/

Master Asked on February 21, 2020 in Bitcoin.
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