Bitcoin Bulls Eye Record Highs as Price Goes Parabolic

Bitcoin continued to explode higher in early trading on Friday, almost reaching $16,000, before reversing sharply. The world’s largest cryptocurrency by market cap was trading as low as $3,852 in March. The recent move brings the all time high of $19,633 from December of 2017 into view.

Capturing Trend Days

A trend day occurs when there is an expansion in the daily trading range and the open and close are near opposite extremes.