{"id":364179,"date":"2021-11-09T00:51:24","date_gmt":"2021-11-08T21:51:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/analysts-expect-parabolic-bitcoin-price-move-after-the-last-resistance-at-67k-falls\/"},"modified":"2021-11-09T00:51:24","modified_gmt":"2021-11-08T21:51:24","slug":"analysts-expect-parabolic-bitcoin-price-move-after-the-last-resistance-at-67k-falls","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/analysts-expect-parabolic-bitcoin-price-move-after-the-last-resistance-at-67k-falls\/","title":{"rendered":"# Analysts expect parabolic Bitcoin price move after the \u2018last\u2019 resistance at $67K falls"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4032d60412e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4032d60412e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/analysts-expect-parabolic-bitcoin-price-move-after-the-last-resistance-at-67k-falls\/#Theres_just_one_final_resistance_level\" >There&#8217;s just one final resistance level<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/analysts-expect-parabolic-bitcoin-price-move-after-the-last-resistance-at-67k-falls\/#%E2%80%9CThe_squeeze%E2%80%9D_is_just_beginning\" >&#8220;The squeeze&#8221; is just beginning<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/analysts-expect-parabolic-bitcoin-price-move-after-the-last-resistance-at-67k-falls\/#Historical_fractal_suggests_an_approaching_price_spike\" >Historical fractal suggests an approaching price spike<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Analysts expect parabolic Bitcoin price move after the \u2018last\u2019 resistance at $67K falls <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>The bulls are on the march again and this time they&#8217;ve set their sights on a new all-time high for Bitcoin (BTC) price which is within striking distance of the $67,000 level.<\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that a late-night surge on Nov. 7 catapulted the price to an intraday high at $66,557 and at the time of writing trading volume continues to increase as bulls attempt to secure a daily close above $66,000.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/45c15d0e-fa6b-441c-afda-648ebbdfee6c.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Here\u2019s a look at what analysts are saying about today&#8217;s rally and where BTC price might head in the short-term.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Theres_just_one_final_resistance_level\"><\/span>There&#8217;s just one final resistance level<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Independent market analyst Rekt Capital <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1457733763438366729\">posted<\/a> the following chart highlighting his point-of-view that there is \u201cone final resistance left before BTC enters its parabolic phase of the cycle.\u201d<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/9190b301-4bf9-47ba-98ed-ce040120a10d.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-week chart. Source: <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<p>As seen in the above chart, the last major resistance level standing in BTC&#8217;s way is near $67,000. <\/p>\n<p>Insight into how long this bullish breakout could sustain was provided by David Lifchitz, managing partner and chief investment officer at ExoAlpha, who indicated that Monday\u2019s price action is a clear sign that \u201cthe bulls are in control and will probably remain as such by year-end.\u201d<\/p>\n<p>A word of caution was offered by Lifchitz, however, as the saga that is Mt. Gox could reassert its influence on the cryptocurrency market in 2022 and potentially bring a halt to any bullish momentum.<\/p>\n<p>Lifchitz said, <\/p>\n<blockquote><p>\u201cWith the Mt.Gox liquidation looming sometime in January on top of a historically weak quarter (Q1), the bears may take their revenge by then. That being said, the bulls have taken over for now and I don&#8217;t see any reason for them to turn back, besides the usual breathers, unless there is some drastic <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> on the regulation front which is always the wild card hanging over a bull market\u2026\u201d<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%9CThe_squeeze%E2%80%9D_is_just_beginning\"><\/span>&#8220;The squeeze&#8221; is just beginning<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A second bullish take on Monday\u2019s price action was provided by options trader and crypto Twitter analyst &#8216;John Wick&#8217;, who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ZeroHedge_\/status\/1457744712203481089\">posted<\/a> the following chart highlighting a squeeze break out into a major resistance zone as BTC price <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roaches the \u201cclear skies\u201d above. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/b16aff88-d5e2-4ac2-9403-2db29b82b30c.jpg\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-day chart. Source: Twitter<\/em><\/figcaption><\/figure>\n<p>Wick said, <\/p>\n<blockquote><p>\u201cSqueeze breakout just started &amp; we&#8217;re almost at ATH. After ATH no resistance left!\u201d<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitcoin flippens Tesla and Facebook \u2014 will Amazon be next?<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Historical_fractal_suggests_an_approaching_price_spike\"><\/span>Historical fractal suggests an approaching price spike<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One final perspective was offered by crypto analyst and pseudonymous Twitter user \u2018TechDev\u2019, who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TechDev_52\/status\/1457404146764627974\">posted<\/a> the following chart comparing the price action during previous Bitcoin bull cycles to the current market. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/613918ab-2be5-4b0f-a175-d7b05f9d2af5.jpg\"><figcaption style=\"text-align: center;\"><em>Bitcoin price performance during 2013, 2017 and 2021 bull markets. Source: Twitter<\/em><\/figcaption><\/figure>\n<p>The current phase of the market as compared to previous cycles is highlighted by a yellow circle and the words \u201cYou Are Here,\u201d suggesting the possibility that a parabolic blow-off-top could come within the next couple of months for Bitcoin if the current cycle plays out in a similar fashion as the last two. <\/p>\n<p>The overall cryptocurrency market cap now stands at $2.877 trillion and Bitcoin\u2019s dominance rate is 43.3%.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/analysts-expect-parabolic-bitcoin-price-move-after-the-last-resistance-at-67k-falls\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Analysts expect parabolic Bitcoin price move after the \u2018last\u2019 resistance at $67K falls &#8221; The bulls are on the march again and this time they&#8217;ve set their sights on a new all-time high for Bitcoin (BTC) price which is within striking distance of the $67,000 level. Data from Cointelegraph Markets Pro and TradingView shows&#8230;<\/p>\n","protected":false},"author":1,"featured_media":364180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvZDYxY2NkNWItMzU3NC00NTQ2LWIyNTMtZWI4MDE0MTlkYTdkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,74982,74863,75150,73785],"class_list":["post-364179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-btc-markets","tag-cryptocurrencies","tag-market-update","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/364179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=364179"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/364179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/364180"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=364179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=364179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=364179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}