Trader Peter Brandt: Bitcoin is still experiencing parabolic movement

According to AMBCrypto, cryptocurrency trader Peter Brandt believes Bitcoin is still experiencing parabolic movements, and he draws a parabolic motion pattern of Bitcoin. Twitter user @parariictrav said that according to its statistics, these lines have been removed three times, which means that the movement of the parabola is limited. Peter Brandt said, “Before they are finished, they will be moved more times. I showed a rendering. The real parabolic rise must meet certain mathematical criteria.” He also said, “Yes, like the 2017 bull market. The same happens. If the BTC is really bullish, we will need to recalibrate the parabola at different price points."