Bitcoin Price Analysis Bitcoins All-Time High Tests a Historic Reversal Point

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For months on end, BTC-USD had a strong bullish rally that has been well confined between both a linear ascending channel and on a macro scale a parabolic curveFigure 1 BTC-USD, 1-Day Candles, Linear and Parabolic TrendlinesAfter a very strong, bullish rally, bitcoin managed to settle on a new all-time high in the $7,500s. This price peak bounced right off the upper linear ascending trendline shown in Figure 1. Historically, every time bitcoin has touched the upper ascending trendline, the ma

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