At the end of 2023, Bitcoin (BTC) is starting to consolidate the impressive gains it accumulated in recent weeks but is still trading around the massively important psychological level of $43,000, with its historical price action suggesting a specific period when it could go parabolic.
Specifically, the price action of Bitcoin following Christmas week in 2022 was “similar to that in 2014, in which the macro bottom is very near the date,” as the pseudonymous cryptocurrency expert Trader Tardigrade pointed out in a chart pattern analysis shared in an X post on December 27.
As the crypto market analyst added, in one year’s time, the flagship decentralized finance (DeFi) asset “consolidated and trended upside to 2023 and 2015,” after which it “went parabolic in the following 2 years,” suggesting the same could take place this time around as well, or in 2025 and beyond, pushing BTC toward $280,000.
Bitcoin price action analysis over years. Source: Trader Tardigrade
Meanwhile,
We współpracy z: https://finbold.com/heres-when-bitcoin-price-could-go-parabolic/
