By Jeff Clark, editor, Delta Report
The holiday season was spectacular for bitcoin last year.
The oldest and largest cryptocurrency was trading for about $6,000 per coin on Halloween 2017. By the time we got to Christmas, bitcoin was above $19,000 per coin.
Of course, we all know what happened next.
It’s the same thing that always happens when an asset price goes parabolic to the upside.
Bitcoin crashed. It gave back all of the gains of the parabolic rally phase. And for the past few months, bitcoin has been stuck in a relatively tight trading range between $6,300 and $6,600 per coin.
But it looks to me like bitcoin is gearing up for another year-end rally.
Take a look at the chart below, which tracks the price of bitcoin…