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Analyst: Bitcoin Market Structure Looks Very Similar to $10,500 February High



Since bottoming at $8,600 over five days ago, Bitcoin has performed extremely well.
The asset rallied as high as $9,650 on Thursday, liquidating dozens of millions of dollars worth of shorts in the process. Simultaneously, Ethereum saw a massive breakout past a crucial level, suggesting that BTC has room to the upside.
Even still, a top trader has suggested that Bitcoin’s recent price action is looking much like the price action seen at the February year-to-date top.
Bitcoin Looks Much Like It Did at 2020’s Feb. Peak
A crypto trader recently shared the image below, showing that Bitcoin’s recent price ...

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