3 reasons why Bitcoin analysts think a BTC price ‘cycle top’ is in
Capriole Investments founder Charles Edwards says that multiple onchain metrics point to a “sign of weakness” in Bitcoin price.
Bitcoin’s (BTC) price has fallen 2.25% over the last 24 hours and is currently 16% below its all-time high of $73,835, reached on March 14.
Bitcoin price is down 8.75% over the last 30 days and 5.5% over the last three months. The BTC price trended low in June and has left market analysts wondering whether the “cycle top” is in for the pioneer cryptocurrency.
Let’s look at some of the reasons why some analysts think that the Bitcoin bull market has peaked.
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Author: Nancy Lubale
