Published On: Fri, May 19th, 2017

Bitcoin Price Analysis: Nearing a Bubble…but We’re Not There Yet

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Bitcoin has now shown about eight weeks of consecutive buying, leading into new all-time highs (ATHs) for the past three weeks. Trying to stay objective with mild to extreme euphoria in times like this can be difficult. As someone who was a new trader during the 2013 bubble, the chart is beginning to look very similar.Market capitalization and trading volume both on exchanges and over-the-counter markets have hit ATHs as well. Despite being in price discovery mode, there is an established, longstanding trend we can compare the current price against, as well as the entire left side of the chart. …

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