• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Why Bitcoin Value May Double To $60K In A Flash

SB Crypto Guru News by SB Crypto Guru News
October 23, 2023
in Bitcoin
0 0
0
Why Bitcoin Value May Double To K In A Flash


Bitcoin worth motion has been identified to go “parabolic” when hypothesis within the crypto market is in full gear. Costs start to rise quickly with only a few pullbacks in between.

In response to proof, a parabolic construction is presumably constructing that would trigger BTCUSD to “double” in a brief period of time. And with the primary ever digital asset now above $30K per coin, it means a possible monstrous transfer to $60K may very well be on the horizon.

Why BTC May Teleport To $60K

In technical evaluation, an asset is claimed to have gone “parabolic” when an more and more steep upward curve helps a collection of upper highs and better lows.

Parabola usually varieties in a sideways, horizontal vary. After every greater low, worth accelerates additional, inflicting the angle of the slope to just about go vertical.

Bitcoin has completed this a number of instances all through its brief historical past. And after the longest bear market on document, the cryptocurrency may very well be prepared for an additional parabolic rally.

BTCUSD_2023-10-20_10-47-24

Has Bitcoin constructed one other parabolic base? | BTCUSD on TradingView.com

Bases Loaded, Bitcoin Quantity Up

A comparability with the long-lasting parabolic curve instance, presumably places Bitcoin worth at what could be the third contact and third base of a four-base sample. A rounded parabolic curve is supporting a collection of excessive timeframe greater lows.

Base three is important as a result of it’s mentioned to supply a transfer the place the asset “doubles within the shortest time period.” With Bitcoin close to $30K, $60K may very well be proper across the nook if that is an correct patter.

Above base three is base 4, that means there’s yet one more zone of consolidation someplace above that may contact down on the curved parabolic development line a ultimate time. From there, the subsequent time it touches the curved line will probably be after a peak of the parabolic rally.

BTCUSD_2023-10-23_08-56-18

A glimpse into the longer term? | BTCUSD on TradingView.com

Will Crypto Parabola Start Once more?

Don’t imagine this construction is feasible in Bitcoin? Merely check out previous cycles for an instance. Within the above chart, Bitcoin fashioned a number of bases in a row. After touching the X, worth didn’t simply “double,” it did 1,700% ROI. Even then, BTCUSD wasn’t completed climbing, rallying one other 700% from base 4.

These figures aren’t possible once more, but it surely speaks to the truth that one thing massive very nicely may very well be coming quickly.



Source link

Tags: 60KBitcoinBitcoin NewsCrypto NewsCrypto UpdatesDoubleflashLatest News on CryptoPriceSB Crypto Guru News
Previous Post

The U.S. Dangers Its Place as a Stablecoin Chief

Next Post

NTT and the Position of Sustainability within the Industrial Metaverse

Next Post
NTT and the Position of Sustainability within the Industrial Metaverse

NTT and the Position of Sustainability within the Industrial Metaverse

  • Trending
  • Comments
  • Latest
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
AI & Immersive Learning: Accelerating Skill Development with AI and XR

AI & Immersive Learning: Accelerating Skill Development with AI and XR

June 4, 2025
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
The Metaverse is Coming Back! – According to Meta

The Metaverse is Coming Back! – According to Meta

February 7, 2025
NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

September 6, 2024
Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

January 29, 2025
Create Visuals, Content, and Presentations That Land with This  Bundle

Create Visuals, Content, and Presentations That Land with This $25 Bundle

0
Why Satoshi-Era Bitcoin Are Relevant To Market Dynamics — Analyst Explains

Why Satoshi-Era Bitcoin Are Relevant To Market Dynamics — Analyst Explains

0
Bitcoin Price Watch: Tight Range Signals Calm Before the Breakout

Bitcoin Price Watch: Tight Range Signals Calm Before the Breakout

0
A New Era Of Intellectual Sovereignty

A New Era Of Intellectual Sovereignty

0
How Bitcoin Can Buy You a House: My Personal Guide to Crypto-Backed Mortgages | by Blend Visions | The Capital | Jun, 2025

How Bitcoin Can Buy You a House: My Personal Guide to Crypto-Backed Mortgages | by Blend Visions | The Capital | Jun, 2025

0
Glastonbury is over—but what might it look like in the future? Artists are proposing a sustainable model – The Art Newspaper

Glastonbury is over—but what might it look like in the future? Artists are proposing a sustainable model – The Art Newspaper

0
Create Visuals, Content, and Presentations That Land with This  Bundle

Create Visuals, Content, and Presentations That Land with This $25 Bundle

July 6, 2025
Why Satoshi-Era Bitcoin Are Relevant To Market Dynamics — Analyst Explains

Why Satoshi-Era Bitcoin Are Relevant To Market Dynamics — Analyst Explains

July 6, 2025
Bitcoin Price Watch: Tight Range Signals Calm Before the Breakout

Bitcoin Price Watch: Tight Range Signals Calm Before the Breakout

July 6, 2025
Bitcoin’s True Value Is Higher Than 0,000, Expert Warns

Bitcoin’s True Value Is Higher Than $110,000, Expert Warns

July 6, 2025
Best Crypto Signals Telegram Groups for Profitable Trading in 2025

Best Crypto Signals Telegram Groups for Profitable Trading in 2025

July 6, 2025
Canadian Woman Sues After .3M in Bitcoin Vanishes in SIM-Swap Scam

Canadian Woman Sues After $1.3M in Bitcoin Vanishes in SIM-Swap Scam

July 6, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.