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BURST ready to go parabolic?
The $BITTREX:BURSTBTC price is at an interesting point in time. First, notice in the chart it is forming a double bottom with the all-time low in November 2015 - this could be viewed as bullish. Second, there is a potential correlation with the Bitcoin Halving Cycles. BURST has been around for two BTC halving's so far, one in 2016 and one in 2020. Notice in the chart that the $BITTREX:BURSTBTCprice went parabolic approximately 6 months after the July 2016 BTC halving. We are now 6 months after the recent May 2020 BTC halving.
Combing the bullish double bottom chart pattern with this interesting BTC halving correlation, BURST could see a parabolic move in the near-term.
Combing the bullish double bottom chart pattern with this interesting BTC halving correlation, BURST could see a parabolic move in the near-term.
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