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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
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