This “Launchpad” Could Send Bitcoin on a Massive Parabolic Rally

Bitcoin has been able to incur some tempered gains today as buyers attempt to propel BTC back up to its local highs at $9,200. This momentum came about after a brief bout of intense selling pressure that led the crypto to as low as $8,200.
The strong bullish response to this level, coupled with an increasingly strong market structure, could signal that the 2020 rally is still in its early phases.
Further adding to this notion is the fact Bitcoin is currently sitting on a key technical level that