Merchants say the $ 15.5,000 degree is “essential” after Bitcoin worth fell under parabola

Traders say the $ 15.5,000 level is “crucial” after Bitcoin price fell below parabola

Over the weekend, numerous traders pointed out that (BTC) The price broke its parabolic uptrend that dates back to September. Technical analysts brace themselves for a retreat as the dominant cryptocurrency has its sights set on consolidation.

Bitcoin could still see a strong rebound after the week’s close if the rally continues. However, it would have to re-enter the parabola quickly or risk a possible downward correction.

Parabola on the 12-hour Bitcoin price chart. Source: TradingView, Altcoin Psycho

Read on on Coin Telegraph

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