Bitcoin Price Analysis BTC Pushes All-time Highs and Tests Historic Resistance


Throughout the life of bitcoins two-year bull run, it has been confined within two macro trends one parabolic and one linear both on a logarithmic scaleFigure 1 BTC-USD, 1-Day Candles, Macro TrendThe parabolic envelope black curves has confined the entire bull run throughout the last two years. Over the weekend, we saw a test of the lower curve that proved to be proper support and propelled the market into a bounce that now has the market testing the upper linear trendline purple lines at th


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