Bitcoin Price Will Top Out At $73,200 in 2021, Claims Analyst

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Bitcoin has enough fuel to continue its bull run until its price hits $73,000 next year, as per chartist Alan Masters. The independent investment consultant shared his bullish outlook for the flagship cryptocurrency after studying its longer-timeframe charts. He noted that BTC/USD monthly charts printed TD Sequential signals since November 2016, resulting in bullish rallies each time. Bitcoin monthly setup using the TD Sequential indicator. Source: BTCUSD on TradingView.com Even on weekly timeframes since March 2020, each of the TD Sequential cycle—wherein the asset prints eight or nine consecutive candles before in the same direction before changing its course—led the BTC/USD exchange rates higher. Mr. Masters called the technical indicator a “real deal,” suggesting that its historical accuracy could at least push the pair towards $44,000-46,000. “Bitcoin is clearly having a parabolic run and there are no signs of it stopping,” the analyst stressed. Correction and Continuation The charts put…

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