Key points:
Bitcoin all-time highs matter little to those seeing a BTC price correction as long overdue.
Both the latest surge and the bull market itself are on borrowed time, traders say.
Comparisons to previous price cycles remain in use despite the booming institutional investment scene.
Bitcoin (BTC) traders are calling for a pullback after all-time highs and seven “green” weekly candles.
BTC price momentum continues to be met with skepticism as commentators assume that lower levels will come next.
BTC price roadmap prepares for Q4 “cycle peak”
Bitcoin hit its highest-ever levels this week, data from Cointelegraph Markets Pro and TradingView confirmed — but despite being up by a third in Q2 already, BTC/USD remains unconvincing for many.
Long-term analysis suggests that not only is price action due to return lower to consolidate gains, but that the entire bull market is near