Historically accurate Bitcoin metric nears the next ‘potential’ price peak

Cointelegraph

Published Jun 04, 2021 08:05AM ET

Updated Jun 05, 2021 10:20AM ET

Bitcoin (BTC) losing over 50% in a month may have a big silver lining as lower prices set up a classic bull flag.

On Thursday, Philip Swift, creator of the Pi Cycle Top indicator, said that this year could still see a major Bitcoin price high.

Bitcoin Pi Cycle Top chart. Source: LookIntoBitcoin.com

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