Here’s when Bitcoin price could go parabolic, according to analyst
Amid a slow period for the price performance of Bitcoin (BTC), which has been struggling to pull itself above the psychologically critical level of $60,000, cryptocurrency analyst Ali Martinez believes it might happen very soon, placing the next target for the maiden crypto asset at $64,000. Specifically, Martinez has noticed similarities in price movements between Toncoin (TON), the native token of decentralized layer-1 blockchain The Open Network, and Bitcoin, with the former possibly “leading the way” for the latter, according to his X post on August 14. Toncoin vs. Bitcoin price performance. Source: Ali Martinez Indeed, Bitcoin’s current price performance remarkably mimics that of TON, which is currently changing hands at the price of $6.63, down 6.88% in the last 24 hours, but still recording an increase of 6.89% on its weekly chart, reducing its monthly losses to 10.85%. Picks for you ...