Well, it looks like it’s officially time to regret not consolidating more when we had the chance. Bitcoin price didn’t take a break. Instead, it went a bit parabolic to nearly $7,000 or 100% gains since the December 2018 lows.
Bitcoin Price: The Only Way Is Up
As Bitcoinist correctly called it earlier this week, the bitcoin price rally has continued.
Moreover, signs suggest that the predicted a new parabolic phase for bitcoin price may have arrived already. Following yesterday’s move through $6400, massive overnight gains saw first $6500, then $6600, $6700, and $6800 fall.
Additionally, Max Keiser’s ‘chip shot’ to the $10,000 hole is looking increasingly makeable.
At press time… Goddamn it, we just hit $6900… $6950 as I watch. And this is on Bitstamp, traditionally more conservative with their price tracking. Such is the nature of the parabolic beast.
So when is it going to stop?
But Buyer Beware
Popular market commentator known as Parabolic Trav notes that the extending dailies (forming the parabola) typically…