Analysts are forecasting further price drops before a breakout for Bitcoin the βparabolicβ asset as sliding resistance plays out this week. Remember Youre Parabolic In an update to weekly markets analysis Monday MarketWatch source known as Filbfilb suggested trading positions focusing around $8000 in the short term. At press time Bitcoin was trading around $9550 down just above weekly lows of $9313 according to data from Bitstamp. In a forecast described by Twitter trading account Read More The post Parabolic Bitcoin Price Will ReturnBut After How Long? Analysts Decide appeared first on Bitcoinist.com. via ICGO https://www.icgo.co.uk/redirect/?url=http://bitcoinist.com/parabolic-bitcoin-price-return-analysts/