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Bitcoin Is Going Parabolic to the Downside: Why Crash to $6,400 May Be Nearing

Bitcoin Is Going Parabolic to the Downside: Why Crash to $6,400 May Be Nearing

Bitcoin is known for its parabolic movements to the upside; BTC’s infamous rally from $1,000 to $20,000 in 2017 was a clear parabola higher, marked by rapidly-increasing highs and an eventual blow-off top, which saw BTC correct 60% within weeks after the peak. Though, the cryptocurrency also trades parabolically to the downside.




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