Bitcoin's Parabolic Rise And Fall

Published 02/06/2018, 01:20 AM
Updated 07/09/2023, 06:31 AM

It has risen and fallen in a classic parabolic manner in the space of just a few short months, and here's where it's currently trading on a monthly chart (as of 12:45 am ET on Tuesday).

There's not a lot more that I can say about it, beyond what I've already written, other than to repeat what I mentioned in my last article, which was that if it broke and held below 10,000, a measured technical move would send it back to its all-time low of 4.2...which is where major support sits.

BTC/USD Monthly Chart

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