BTC Very Long Term Chart
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A weekly parabolic curve looking at how bitcoin has performed since 2013 and what may lie ahead. Will be updated with bitcoins progress as it happens.
Nota
We've touched the parabolic line again this week, we need to watch the next few days but I'm hopeful for another bull run from the recent support of 12.6k.Nota
BTC not looking good in the short-medium term, we are likely to break of the parabolic trend to the downside before forming a new trend.Nota
The parabolic trend has been broken and we have entered a bear channel until we find the trend reversed. It might be a bumpy ride from here as the supports above 8k look relatively weak.
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