Bitcoin has continued to bleed in the last few days, and despite a brief recovery, it’s back in the red, trading at $55,262.
One elite trader is, however, confident that the top is not in, with proof from technical indicators and past price cycles.
The cryptocurrency market has recorded a huge price correction in the past few days, with most coins testing some of the critical price support levels. Bitcoin has now lost 15 percent of its value ever since it hit its all-time high just a week ago. The price drop has alarmed many investors who fear the only way now is down. However, according to Lark Davis, a renowned trader, investor and crypto influencer, the top is not in yet.
People are out there panicking, saying that the top is in. They are not actually looking at the bigger picture here, looking at the indicators, or understanding what’s going on. […] I look at the indicators, I look at the market sentiment and all these different things, and I don’t believe this is the to
