Tag: Parabolic

Bitcoin ‘parabolic advance’ means BTC price all-time high in 2023 — Trader

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Bitcoin (BTC) will hit new all-time highs in 2023, and October is the favorite month for it, a popular trader says. In a Twitter update on June 22, Credible Crypto argued that the next four months should deliver the bullish BTC price momentum needed to tackle $69,000. October “fairly logical” for new Bitcoin all-time highs Bitcoin has put in solid performance this month, and Credible Crypto is increasingly optimistic for continuation. To do so, BTC/USD needs to present increasingly larger green monthly candles to keep it in line with previous…

The Bitcoin mining boom is quietly going parabolic

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Bitcoin (BTC) may be struggling at $30,000, but under the hood, all-time highs of a different kind keep coming. The latest data shows that Bitcoin network fundamentals — difficulty and hash rate — will hit new records this week. Bitcoin mining difficulty, hash rate refuse to slow down Bitcoin’s 2023 recovery has been about more than just BTC price action, with miners seeing a significant turnaround of their own. As BTC/USD added 70% in Q1 alone, pressured mining participants saw some much-needed relief after the bear market squeezed profit margins…

Native Token for New Crypto Exchange Launched by 3AC Founders Goes Parabolic After Being Listed on SushiSwap

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An Ethereum-based altcoin has outperformed most of the crypto markets over the last week as the founders of bankrupt hedge fund Three Arrows Capital (3AC) gear up to launch their own exchange. FLEX Coin (FLEX) is the native token of CoinFLEX, a crypto exchange that has recently undergone restructuring and is set to have its assets acquired by OPNX, an exchange launched by 3AC founders Su Zhu and Kyle Davies. OPNX aims to be the first crypto exchange that allows for the trading of bankruptcy claims while also providing standard…

Why are artificial intelligence tokens going parabolic? Watch Market Talks live

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In this week’s episode of Market Talks, Cointelegraph welcomes Average Joe’s Crypto, a research analyst and writer. He authors his own blog, which focuses on all things crypto, Web3 and decentralized finance (DeFi). Without wasting any time, we jump straight into why artificial intelligence (AI) tokens have been going parabolic recently. Why have tokens that use artificial intelligence in some way been having their moment in the sun, and is this a trend that will continue into the future or is it just a passing fad?  There have recently been…

“Parabolic” Signal That Triggered Past Bitcoin Bull Runs Reappears

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Bitcoin price made a 5% move today, poking above $19,000 momentarily. It is currently the largest daily climb of 2023 and since the FTX collapse.  More significantly, the sharp rally tagged a level that triggered a possible trend change according to the weekly Parabolic SAR. In the past, the technical indicator has lived up to its name. What could it mean this time? Bitcoin Makes Biggest Move Of 2023 The start of 2023 has been positive for altcoins. But up until today, Bitcoin has been mild by comparison.  Following today’s…

Bitcoin holds 5-week high as trader suggests ‘parabolic’ bear trend is over

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Bitcoin (BTC) took aim at $24,000 on July 20 after a night of solid gains put bulls in the driving seat. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Parabolas violated Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it breached $23,800, its highest level since June 13. Against expectations, crypto staged a recovery beyond an intra-hour “fake-out” as risk assets benefitted from declining United States dollar strength. The inverse correlation between the U.S. dollar index (DXY) and Bitcoin remained center stage on the day, with the greenback coming…

Bitcoin Builds Base At Decade-Long Parabolic Curve

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The masses are bearish on Bitcoin. The market is convinced that prices below $30,000 will be revisited given the continued weakness in the top cryptocurrency by market cap.  All eyes are on the massive “bear flag,” but could it instead be a bear trap? Bitcoin price continues to grind along a decade long parabolic trend line that in the past has put in several mid- to long-term bottoms. Here is a closer look at a currently unbroken trend line that BTCUSD must hold for continued parabolic momentum and what it…

Parabolic Bitcoin Indicator Could Suggest The Local Bottom Is In

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When Bitcoin rallies, it historically has gone parabolic and blasted off to astronomical prices before each cycle peaks. Recently, rallies have been few and far between, cutting the price per coin down to around $33,000 at the local low. The plummet, however, fell short of tagging a “parabolic” indicator and it could mean that the local bottom is in. Here is more about the Parabolic SAR, the potential signal, and other supporting evidence that the bottom might already be in. Parabolic Uptrend Intact, Says Indicator With 95% Confidence Rate Bitcoin…

Ethereum ‘about to go parabolic’ against Bitcoin as analysts weigh BTC bear case

Ethereum’s Ether token (ETH) is due to launch a “parabolic” attack on BTC to beat all-time highs, one analyst believes. 2-week predicts “crazy” ETH move ETH/BTC 1-month candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView shows ETH/BTC sitting near three-year highs — but its next move should be even stronger. Ethereum against Bitcoin is one of the few bullish narratives in the short-term crypto markets this month. In a tweet on Dec. 3, popular Twitter account Galaxy reinforced optimistic predictions for the largest altcoin, even suggesting that ETH/BTC…