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.
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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.
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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.
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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.