Bitcoin: Rejected by the Peak Logarithmic Regression Band (Again!)

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Published Apr 19, 2021

For the 5th time on the weekly time frame, the price of Bitcoin has wicked into or up to the peak logarithmic regression band but was unable to make a weekly close in it. This shows how challenging it can be moving into this manic zone, especially given the fact that the price of Bitcoin has not consolidating much during this bull market. Moving forward we need to recognize that in the grand scheme of a market cycle, we are ahead of schedule if anything, and that long consolidation periods after major pullbacks are relatively normal. Where you think the price of Bitcoin is headed? Let me know in the comments!

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Bitcoin: Rejected by the Peak Logarithmic Regression Band (Again!)

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