{"id":556651,"date":"2023-10-23T15:00:50","date_gmt":"2023-10-23T15:00:50","guid":{"rendered":"https:\/\/ktsl888.com\/?p=556651"},"modified":"2024-10-26T19:35:10","modified_gmt":"2024-10-26T19:35:10","slug":"why-bitcoin-price-could-double-to-60k-in-a-flash","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/why-bitcoin-price-could-double-to-60k-in-a-flash\/","title":{"rendered":"Why Bitcoin Price Could Double To $60K In A Flash"},"content":{"rendered":"
Bitcoin price action has been known to go \u201cparabolic\u201d when speculation in the crypto market is in full gear. Prices begin to rise rapidly with very few pullbacks in between.<\/p>\n
According to evidence, a parabolic structure is possibly building that could cause BTCUSD to \u201cdouble\u201d in a short amount of time. And with the first ever digital asset now above $30K per coin, it means a potential monstrous move to $60K could be on the horizon.<\/p>\n
Why BTC Could Teleport To $60K<\/h2>\n
In technical analysis, an asset is said to have gone \u201cparabolic\u201d when an increasingly steep upward curve supports a series of higher highs and higher lows.<\/p>\n
Parabola typically forms in a sideways, horizontal range. After each higher low, price accelerates further, causing the angle of the slope to nearly go vertical.<\/p>\n