Page 2 - Bitcoin Weekly News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The recent rally in Bitcoin is strangely similar to the rally that took place in 2017.  Although the range of price throughout the rally is somewhat different, the structure of price throughout the rally phase is very similar.  Our researchers believe this similarity suggests a peak may be forming in Bitcoin and the big volume on Monday, December 21, 2020, may have represented a “blow-off peak” in price. Bitcoin 2017 Peak Structure The following Weekly Bitcoin chart highlights the three rally phases that took place before the peak level was reached in December 2017. Pay ve...

December 22, 2020 | Bitcoin Rally Similarities – Is This The Peak? Chris Vermeulen Chris Vermeulen has been involved in the markets since 1997 and is the founder of TheTechnicalTraders.com. He is an internationally recognized technical analyst, trader, and author of the book: Technical Trading Mastery. Chris has developed trading strategies that incorporate technical analysis, position-sizing, and risk management to boost performance while reducing portfolio risk. The recent rally in Bitcoin is strangely similar to the rally that took place in 2017.  Although the range of price throughout...