jackfru1t

Bitcoin accelerating into bubble territory.

BITFINEX:BTCUSD   Bitcoin
22
The current bitcoin monthly candle (or next month's) could end up like Nov 2013. Traders need to be careful because if that were the case, the bull market would come to a close soon after and be followed by either a short (less than 1 year) bear market, or a long multi-year bear market. However, the bitcoin price can easily accelerate much higher than it currently is, perhaps even multiples of the current price of about $2000 before the top is reached. So this is not to say that the top is close in terms of price, but the rapid recent acceleration of price suggests to me that the top may be near in terms of time.

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