The BTC parabolic trend has been intact since 2015. Upward movements historically take awhile which is why the targets lay higher on the resistance arc. Downwards movements happen quickly leading to a local min somewhere ~50% of the local max.
Current high target is ~$50k followed by a retrace back down to ~$30k and then a pop back up to ~$100k. A break below the supporting arc would invalidate the parabolic trend and inevitably lead to the "BTC bubble pop".
Current high target is ~$50k followed by a retrace back down to ~$30k and then a pop back up to ~$100k. A break below the supporting arc would invalidate the parabolic trend and inevitably lead to the "BTC bubble pop".