Why traders think a Bitcoin ‘blow-off top’ will occur above $18,000

Bitcoin price is steamrolling toward $18,000, and excited traders are calling for the top-ranked digital asset to overtake the 2017 all-time high at $19,763. Unless you’re a bear, reaching a new all-time high is great. But ideally, for a sustainable rally to maintain its pace, a staircase uptrend is more beneficial than a sudden upward climb.

In recent weeks, BTC has continuously surged higher without prolonged consolidation periods or any major dips.

BTC/USD daily chart. Source:…

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