Bitcoin to Print Sell Signal in December 2020, Says Crypto Firm Founder

Bitcoin to Print Sell Signal in December 2020, Says Crypto Firm Founder


Bitcoin rallied to another year-to-date high three days in a row, this time passing above $18,000 in a rally that has pushed its price up by 160 percent already in 2020.

The benchmark cryptocurrency hit $18,488 during the Asian trading session on Wednesday, a level it last touched in January 2018 when the price was correcting lower after topping out near $20,000 a month before. Many traders agreed that the current bull run might retest the record high all over again as demand for Bitcoin grows against its limited supply.

Billionaire investor Michael Novogratz even extended his upside target to $65,000, citing “network effect.”

A lot of friends asking me if they missed the crypto rally. FWIW, I bought more $BTC and $ETH last night. #bullish.

Trending: Bulldog Trump Attorney To Raffensperger: “People Are Going To Prison In Georgia”

— Mike Novogratz (@novogratz) November 16, 2020

But at the same time,  other key observers spotted bearish cracks. One of them is Greg Waisman, co-founder/COO of Mercuryo.io — a crypto wallet

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