Bitcoin has basically gone parabolic the last few days, are we ready for a pullback?

Personally I was expecting a pullback about $1,500 points ago.

I was surprised we didn't pull back after we tested $6k.

Well, here we are and bitcoin tested $7,500...

So, as you might imagine, I am guessing we are due for a pullback...

(Source: https://www.coindesk.com/above-7-5k-bitcoin-price-hits-highest-level-since-august-2018)

Is it starting now?

With prices dropping a little bit ago from $7,500 down to $6,800 before bouncing back to $7,100 we may have got a little bit of a clue that prices are ready for a bit of a pullback.

Prices often get volatile near tops and bottoms.

With a pullback like that, I would call that pretty volatile.

However, with not many supports created on the way up, I am not really sure where we might pull back to...

I would not be surprised to see us retest $6k or so in the coming days as that was a major support level for most of 2018.

I think you want to be a buyer on this next dip though.

We broke all the downtrends.

Bitcoin is now in a bull market.

Buy the dips!

Stay informed my friends.

-Doc