01-07-2020 23:00 via newsbtc.com

Bitcoin Has Only Had One Other Rounded Top, And a Major Correction Followed

If the current price action is a top formation, then it doesn’t match the sharp spikes Bitcoin and blow-off tops the cryptocurrency is known for. Only one other time has a comparable rounded top formation appeared on BTCUSD price charts over the last ten years. And when it happened, a major correction followed.
Should the first-ever cryptocurrency fail to pump soon and prove this trading range isn’t a top, then another collapse could be next.
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