Bitcoin’s price chart has started to show similarities to the soybean market around 50 years ago, which saw prices top before plummeting 50% as global supply began to outweigh demand, warns veteran trader Peter Brandt.
However, other Bitcoin (BTC) analysts are confident that the charts are signaling further upside ahead.
“Bitcoin is forming a rare broadening top on the charts. This pattern is famous for tops,” Brandt told Cointelegraph.
“In the 1970s, Soybeans formed such a top, then…
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