But the chart above from Boockvar was sooooo hours ago as Bitcoin has now broken above $17,000.
Here is an extraordinary warning regarding Bitcoin that was issued by Jason Goepfert at SentimenTrader: Anecdotal evidence of a blow-off in Bitcoin has exploded over the last couple of days. That’s hard to incorporate, so using data related to price action and public interest, we see that a sentiment model has reached blow-off territory. The few other times we’ve seen an extreme like this, further gains were erased in the week(s) ahead, especially once there was an initial sign that late buyers were getting scared…
….also from King World News:
