What could trigger the next parabolic bull run?
A monthly close above $13,900.
Historically when BTC closes above the previous ATH close it rises an average of 4,000% in 182 days.
A conservative valuation based on previous cycles would make 1 BTC worth over $76,000.
My indicator gave a strong buy signal approaching but has yet to show divergence which would confirm a strong buy.
A dip to 3420 area would confirm this divergence and provide a potential opportunity per the guidelines of the indicator.
Interesting junction here. This looks an exact opposite move as to what happened last year in a similar price region. One would expect continuation up from here. (Up on an inverse chart is down in reality.)