Parabolic Moves For Bitcoin Ahead – New Predictions

It’s been just revealed that there will be some parabolic moves for Bitcoin ahead. Check out the latest predictions about the king coin.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $28,609.

A popular crypto analyst thinks Bitcoin (BTC) could be gearing up for a “parabolic advance” to a new all-time high.

The pseudonymous analyst TechDev said recently that Bitcoin tends to follow global cycles of liquidity, which he portrays with a chart that pits Chinese 10-year bonds (CN10Y) against the US dollar index (DXY).

According to the analyst, the CN10Y/DXY chart is now flashing a signal that has historically marked the beginning of fresh Bitcoin bull runs.

“The yellow arrows aren’t halving dates. They’re the liquidity signals which preceded each parabolic advance to new highs in Bitcoin.”

TechDev explained the fact that the specific liquidity event is the CN10Y/DXY breaking over its 60-week moving average (MA).

“Has correlated with China’s credit impulse and historically led the ~3.5 global liquidity cycle. This ratio appears a rotated version of BTC’s chart.”

The legendary trader Peter Brandt is predicting that Bitcoin will eventually outperform altcoins. Check out the latest reports about the price prediction of Bitcoin.

Brandt reportedly believes that Bitcoin will outperform all other digital assets. He said on Twitter that he is keeping a close watch on the Bitcoin dominance chart. This is tracking how much of the total crypto market cap belongs to BTC.

Bitcoin options are flashing signs of decreasing volatility while sizable chunks of leverage have been pulled, according to Bitfinex analysts.

“Abundant leverage in bitcoin derivatives markets was a major contributor to volatility over the past week, per a Monday research note. Now that the leverage is gone, we could be in for sideways trading moving forward,” the same notes reveal.