These 3 key indicators signalled Bitcoin price reached a $12K top
Cointelegraph
Published Sep 08, 2020 12:26PM ET
Updated Sep 08, 2020 02:00PM ET
Last week's Bitcoin (BTC) 11.4% drop might have seemed unexpected or entirely out of the norm. The truth is, the lack of a more substantial correction since the 50% drop that occurred on March 12 was the unusual part.
Some analysts and investors have said that the current DeFi boom was an unmistakable sign of excessive optimism, as some newly launched tokens quickly reached $1 billion market capitalization.
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Written By: Cointelegraph
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