Bitcoin (BTC) is back to the $65,000 price level amid a nearly 9% drop since April started. Cryptocurrency traders and investors wonder if BTC has reached a price top this cycle, or what signals to watch for.
Forecasting market tops and bottoms with precision is tricky and deemed a difficult task even for the most successful traders. However, experienced investors can look for historical indicators, patterns, and signals to make educated guesses based on the event’s probability.
In particular, Charles Edwards, founder of Capriole Investments, raised 13 Bitcoin top signals to watch for this cycle. The experienced trader posted these top signals in a thread on X (formerly Twitter) on April 2, explaining their relevance.
“Monitoring these metrics is much more important than any predictions or price targets. 30% of the metrics are at high-risk today. I always position around the data at hand. We have quite a few elevated readings today which justify closer monitoring for a
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