Bitcoin renewed its previous high, and the price closed above this level. It's a great signal, but now it will be better for everyone if the cryptocurrency market starts to correct to the $18,500-$19,500 zone.
In this case, the market will cool down and bitcoin will be able to continue its organic growth to $30,000. In the case of strong parabolic growth, we will face a strong and long drop.
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I like this idea, though I do not know much about trading or charting. A correction will be healthy for a solid run up. With crypto though, I just never am sure.