What similarities can you notice when looking at the Bitcoin Peaks?
Can you see it?
I am a Bitcoin and cryptocurrency bull, permabull as many would say... But, here we have this chart, Bitcoin ( BTCUSD ) and even though so many people are bullish, I am still not convinced.
Not based on my imagination, but based on this chart and what I can see... Here is the question again, what similarities can you notice when looking at these Bitcoin peaks?
Lower highs Prices closing lower each time.
This is a bearish signal and a very strong one. Until a new high is achieved, we remain open to seeing Bitcoin's value decrease.
Everything can change, of course, but Bitcoin remains bearish until it hits a new high, until it hits a new peak.