Bitcoin taps parabolic trendline; is an explosive movement imminent?

Bitcoin taps parabolic trendline; is an explosive movement imminent? | CryptoSlate

Bitcoin and the aggregated crypto market incurred a steep and widespread sell-off today that came about after a brief consolidation period. BTC has been able to recover slightly from its intraday lows, although it still appears to be in a precarious territory. The cryptocurrency is now nearing its parabolic trendline, which has historically catalyzed explosive …