bitcoin price analysis nearing a bubble but were not there yet – Bitcoints

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Published on May 19th, 2017 | by bitcoin

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bitcoin price analysis nearing a bubble but were not there yet

Despite being in price discovery mode, there is an established, longstanding trend we can compare the current price against, as well as the entire left side of the chart.
There are a few questions we can investigate: Is the price near an interim top?
Is the price nearing parabolic conditions?
Currently, the price has exceeded the previous 2.272 Fibonacci extension and shown it was supported based on the multiple candle touches.
Summary Bitcoin is making ATHs by almost every available metric: price, market capitalization, volume, hashrate, difficulty and fee per transaction.

Source: Bitcoinmagazine.com

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