CandleFocus Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting
2024-12-22
Author: Content Editor
The analyst TechDev believes that Bitcoin is about to enter the parabolic stage of its market cycle based on technical signals. According to his chart, Bitcoin has breached the upper range of its Bollinger Bands, which has previously led to steep rallies. He also points to the logarithmic moving average convergence divergence (LMACD) indicator, which suggests that Bitcoin is in the early stages of a parabolic ascent. TechDev argues that the high time frames offer the best chance to trade the cycles and predicts that Bitcoin will not reach a cycle top until the LMACD hits its resistance at 0.12. As of now, Bitcoin is trading at $97,274.
Related News
BaFin and ECB approve Germany’s DekaBank for crypto custody Adam Back Says MicroStrategy (MSTR) Is 'Stupidly Cheap' Trump Pitched ‘Massive’ $280 Trillion Price Bitcoin Reserve To Save The Dollar DOGE to Moon or Ground? Dogecoin Creator Breaks Silence on 2025 Forecast Metamask-Mastercard crypto debit card faces backlash: Is it the future of crypto payments? Shiba Inu (SHIB) Price Hits Pre-Pump Levels: What's Happening? Quantum computing will fortify Bitcoin signatures: Adam Back Windows and Android Might Be Dangerous for Crypto Holders, According to CryptoQuant CEO Solana (SOL) Extreme Weakness: Key Reason Revealed Almost No New XRP Investors Coming: Details ADA, DOGE, SOL Dump Hard Again as BTC Slides Below $97K (Market Watch) 20 Trillion SHIB Next as Shiba Inu Price Drops 6%: Details Crypto Analyst Predicts Incoming Bitcoin Parabolic Rally, Says BTC at Point Where Things Get Exciting Permianchain and Vertical Data Team Up to Bring GPU-as-a-Service to MENA Despite Bitcoin's 10% Drop, Over $20M in Old Coins Find New Homes Angel Investor: Multichain a Stopgap, Future Lies in Advanced Protocols Chainlink Unlocks 11.25 Million LINK Tokens, Potential Price Impact Dogecoin Drops 30% from Yearly Highs, Risks Falling Below $0.20 Afghanistan’s Taliban actively trades crypto memecoins despite imposing nationwide ban Bitgert Collaborates with Solana to Enhance the Blockchain Sector Memecoin and Altcoin steal the scene from the dominance of Bitcoin XRP Price Prediction For December 22 Signals not good for the crypto of Hedera (HBAR) Whale Alert: Market Observer Highlights Ongoing PEPE Accumulation Optimism airdrop: how to position yourself for the 6th round of crypto rewards SendAI Unleashes Solana Agent Kit, Enahancing Blockchain Power Analyst Identifies Timeline for XRP to Hit $41, Citing Tesla Path with a Factor of 10 Solana Approaches Key 200 EMA Level :Traders Watch for Market Rebound BREAKING: Founder of This Altcoin Added to Interpol’s Most Wanted List UAE Interior Ministry and FSRA Partner to Combat Virtual Assets-Related Crime Bitcoin’s Future in Focus: 4 Economic Variables for 2025 Bouncing Lows, Mining Woes, and Fartcoin Highs UniLend Collaborates with SoonChain to Explore Innovative Web3 Possibilities Altcoin Season Chances Drop, But 3 Indicators Point to Potential Revival GraniteShares Crypto ETFs Target U.S. Crypto-Related Stocks Render: Can whales push RNDR to $8.13 after a 40% dip? Crypto Hedge Funds Banking Issues Persist Over Recent Years Solanex and Unich Partner to Empower Web3 Users with AI Tools Here’s the case for VIRTUAL sustaining its upside after 33% hike Ripple’s Momentum Signals New Highs: Is XRP’s Next Big Break Near? Cardano (ADA) Could Fall 15%, Here’s Why Crypto Prices Today December 22: BTC Below $97K, SOL Drops 7%, WIF Falls 13% Hyperliquid breaks records, what’s behind the $11.5B surge? BTC correction ‘almost done,’ Hailey Welch speaks out, and more: Hodler’s Digest, Dec. 15 – 21 BREAKING: Founder of This Altcoin Added to Interpol’s Most Wanted List Binance Futures Adds BFUSD for Portfolio Margin Peter Schiff’s FOMO: Why he wants USA coin instead of Bitcoin