Bitcoin: Are This Week’s Highs Next Week’s Lows?
In a February 19 Barchart article, I wrote: Bitcoin looks set to challenge the November 2021 high, but make sure you do not get caught holding the bag when the bullish music stops. Spot Bitcoin was at the $52,217.70 level on February 19, and the bullish music has not stopped over the past month. In fact, it got a lot louder as Bitcoin eclipsed the November 2021 high and rose to uncharted territory. Bitcoin makes a new high On March 11, 2024, Bitcoin reached a new peak of over $20,000 per token, higher than the February 19, 2024, high. As the long-term chart highlights, spot Bitcoin rallied to …