Bitcoin’s recent rally has seemingly been bullish, bringing the asset above $10,500, then $11,500. As of this article’s writing, the cryptocurrency trades for $11,500. BTC may actually be trading in a textbook top pattern, though. The pattern identified by a trader predicts Bitcoin will reverse to the $10,000s, then lower towards the $9,000s. This may not be a macro bearish pattern though. Analysts say that Bitcoin retracing 30-40% during bull cycles is an entirely normal […]
