These two Black Swan events have set Bitcoin for a parabolic shift
Currently, Bitcoin (BTC) is aiming to reclaim the $35,000 mark, a significant resistance level for the maiden cryptocurrency. Analysts argue that maintaining sustained gains above this position could pave the way for further advances. Amid the short-term price gains, a section of the market believes that Bitcoin is poised for another significant price correction before rallying. However, on November 4, a crypto trader and analyst known by the X (formerly Twitter) pseudonym Thescalpingpro observed that the likelihood of Bitcoin correcting is impossible, as the triggers for lower price levels have already occurred. From Thescalpingpro’s perspective, Bitcoin is on track for a parabolic shift following two significant ‘Black Swan’ event s – the coronavirus crash and the recent FTX collapse. He pointed out that Bitcoin’s gradual recovery since the FTX incident has set the stage for a potential surge in value. Bitcoin price analysis chart. Source: Thescalping...
