Bitcoin’s next Parabolic Bull Run? Cryptocurrency traders, enthusiasts, and analysts have become accustomed to Bitcoin parabolic bull runs. So much so, they are predicting the next serge on a daily basis. Bitcoin experienced a massive run in 2010. The first cryptocurrency surged from a little over $3,000 to $14,000 in just a few weeks.
However, with bitcoin halving around the corner, and institutional money pouring into the space, traders are hungry for more bulls. A new critical bitcoin indicator revealed they may get their cravings satisfied sooner than anticipated.
Bitcoin / altcoins can surge without notice
Furthermore, cryptocurrency has the ability to pump without a drop of notice. Crypto can surge hundreds, and sometimes thousands of percentage points within just a few months.
Bitcoin is no stranger to parabolic bull run. BTC was only trading at $13.50 in early April of 2013. By the end of that month, Bitcoin’s price surged to $220. By December 2017, a single BTC reached near $20,000 per coin.
The first crypto price gained 9,000,000,000%+ (9m) in less than 10 years; beating gold, stocks, traditional currencies and asset class by a hundred mile.
Is 2020 going to be the year of Bitcoin’s next & biggest parabolic bull run?
A respected crypto analyst thinks bitcoin is on verge of producing its biggest gain for investors. He released a key bitcoin indicator to prove the next rally.
BTC’s next parabolic bull run date not exactly known. However, consensus among the cryptocurrency community is before or after the next bitcoin halving, which is estimated to occur in 79 days (May 13, 2020).
According to a famous German institutional quantitative analyst, Bitcoin may reach an all-time high of $50,000. Other BTC analysts, such as Bitcoin Jack back up his assessment. Jack is a popular crypto trader who founded Bravado; a crypto trading club..
Historically, you really wanted to be long [on Bitcoin] by the time the weekly Ichimoku showed a thin red cloud and price reached that moment in time.
Image 1 = Oct ’12 & May ’16 thin red clouds visualized
Image 2 = 2020
This year will cement the foundation for the next parabolic run pic.twitter.com/dJ8n0pBeiK
— //Bitcoin 𝕵ack (@BTC_JackSparrow) February 21, 2020
Share your thoughts on the next bitcoin parabolic bull run. Are you prepare to benefit?
Mathieu is a Information technology professional with over 15 years of experience. He started one of the first bitcoin blogs existed in 2010. He started writing about, investing in bitcoin and promoting the first cryptocurrency when only a few technological savvy people knew about it. Mathieu is a world traveler who enjoys culture, technology, finance, salmon, rice and beans. He’s cool, collected and knows a great deal about blockchain technology.