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Bitcoin risks setting another double top at higher levels
Yesterday an update here noted, that Bitcoin might extend to 38k once more, if it lifted above the Asian high, then at 37,345. Well, it did later take that out and then rise towards 38k, as was expected. The move extended to 38,408 yesterday evening ahead of the wider US markets close. However, it has backed off so far today and earlier it dropped to a low at 37,697. It is back above 38k again as I write, but the prospect of a double top is a potential outcome, if the price does not reclaim the highs seen last night, remembering that the high seen November 24 was set at 38,422. Bitcoin is currently trading at 38,095
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