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24 November 2020

Bitcoin Approaches Top Of Accumulation Zone, Parabolic Phase Begins With Breakout

Bitcoin Approaches Top Of Accumulation Zone, Parabolic Phase Begins With Breakout


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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.

And even though Bitcoin is now trading as so much higher of a price, the cryptocurrency is technically still in the same accumulation range, according to a long-term “buy” band that between two market cycles, represented the best opportunity to buy BTC before the asset goes parabolic.

Comparing the four rejections from the top of the “buy” band in late 2015 and 2016 with the most recent cycle, could indicate that the current rally is taking place too soon, and a pullback to and of the lower segments of the “buy” band might follow.

A new accumulation phase began when the cryptocurrency fell to the middle line of the “buy” band at its bear market bottom.

But the band is certainly one to watch, as when Bitcoin does finally break free of it, the parabolic phase of the bull market will begin.

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