Seems like we are recovering quickly from this last shakeout of the weak hands. But why are those periodic with nearly exact time intervals?
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screen shot pcWell I'm not sure about a parabolic rise.
The reasons come down to the very technical problems of bitcoin. I made a transaction 3 days ago and mempool was so full it took 14h to complete. Oh my fees maybe weren't the best but they were clearly not non-existent, I paid 30 cents for a transaction that took 14h...
So there can't be a parabolic rise without a massive adoption and there can't be a massive adoption with such important problems!
But I agree, you have to be completely crazy to see anything else but and upper trend in this...