RATE Group | Eerie Pattern: Bitcoin to Shoot Up to $10,600, Quick
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Eerie Pattern: Bitcoin to Shoot Up to $10,600, Quick

15 Feb Eerie Pattern: Bitcoin to Shoot Up to $10,600, Quick

Posted at 00:53h in Ethereum News by

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After sustaining a nearly 4% loss over the past two days, Bitcoin started to recover on Friday, rallying as high as $10,380 just minutes ago as of the time of writing this.

While this isn’t a strong recovery per se, for the asset remains below its local top of $10,550 (which analysts say is crucial for bulls to break across in the coming days), an eerie pattern suggests Bitcoin is going to rocket higher towards $10,600.

Bitcoin Could Soon Surge Higher 

Prominent cryptocurrency trader HornHairs recently noted that Bitcoin’s price action has exhibited a clear pattern over the past few days: the pattern sees BTC dump, pump in a parabolic fashion, and crash again as the parabola fails.

Bitcoin is currently in the middle stage, marked by rapidly-increasing prices. The parabola that is forming suggests the price of the cryptocurrency will top around $10,650, around 3.4% higher than the current price of the asset.

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