Bitcoin is exploding higher after continued to see bullish strength after the daily close above $17,000. The leading cryptocurrency just minutes ago shot to $18,300, which are highs not seen since the blow-off top of the previous bull market in 2017 and 2018.
Bitcoin is expected to move even higher in the weeks ahead, though some have begun to fear that the market is starting to enter a blow-off top phase.
Prominent crypto-asset analyst Light Crypto wrote recently:
BTC finally starting to show signs of short-term overheating. sold last of calls.
— light (@lightcrypto) November 17, 2020
Analysts are eyeing further gains ahead from a medium-term perspective despite …