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Comparing Bitcoin’s current top to that in 2013 reveals maturity is still in the making
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Catching the perfect Bitcoin top or bottom has been investors’ concern for quite a while. Despite many tools and indicators that assess BTC’s price trajectory, there’s always been stern speculation around the market tops.
Now, as BTC heads towards recovering from the $55K mark, speculation of BTC bottoms and tops has yet again emerged. At the time of analysis, BTC was trading at 58, 204.
Firstly, it’s crucial to establish the BTC cycle tops, the most prominent one is the April 2013 top, which is the mid-cycle top of the first cycle. Many considered the April 2021 top a cyclical high while it was merely a market ATH made earlier this year before the lengthy correction.
Well, the April top was more of a local top after which a new Bitcoin
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