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Seeking Alpha 2021-05-31 22:04:09

Bitcoin: The Top Is Probably Already In

Bitcoin’s past prices can be accurately modelled, but it should be recognized that this past price behavior is not sustainable going forward.Bitcoin’s recent price behavior is not what would generally be expected during a market top, but I believe Bitcoin is unlikely to make a new top in the near-term future.Positive price catalysts would likely be needed for Bitcoin to reach a new high in this market cycle and it is not clear what these catalysts could be.

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