Bitcoin every four years post-halving goes parabolic and rises to a new all-time high. The ebb and flow of these cycles each time attracts new money and participants to the cryptocurrency network and keeps adoption growing. Timing when to sell is the hardest part, but knowing when to buy BTC at the best possible prices before it goes parabolic, might be as easy as buying within a long-term “accumulation zone” that has supported each of the cryptocurrency’s past bottoms.
The leading cryptocurrency by market cap is now approaching the top of this zone, and beyond $20,000 the chance to buy cheap BTC will forever be gone. Here’s a look at the long-term significance of the “buy” band and some insight into if the cryptocurrency will break out into its full parabola now, or after perhaps one more crash.
Bitcoin Rises To Top Of Accumulation “Buy” Band, But Correction More Likely Than Breakout