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Analysts expect parabolic Bitcoin price move after the ‘last’ resistance at $67K falls
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The bulls are on the march again and this time they've set their sights on a new all-time high for Bitcoin (BTC) price which is within striking distance of the $67,000 level.
Data from Cointelegraph Markets Pro and TradingView shows that a late-night surge on Nov. 7 catapulted the price to an intraday high at $66,557 and at the time of writing trading volume continues to increase as bulls attempt to secure a daily close above $66,000.
Here’s a look at what analysts are saying about today's rally and where BTC price might head in the short-term.
Independent market analyst Rekt Capital posted the following chart highlighting his point-of-view that there is “one final resistance left before BTC enters its parabolic phase of the cycle.”
As seen in
Read more on cointelegraph.comAbout this in other media
Bitcoin avoids recent lows as BTC price eyes $60K into the weekly close cointelegraph.com /2 years ago
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Traders expect Ethereum price to drop further ahead of Friday’s $550M options expiry cointelegraph.com /2 years ago
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