I often discuss local tops and market cycle tops when discussing Bitcoin and the cryptocurrency asset class. If the entire asset class as a whole started trending down from here then I would consider it to be a local top. If the asset class as a whole trends higher by several trillion more dollars over a few months, then a market cycle top becomes part of the discussion. Personally, I think we are nearing a local top at some point in the next few weeks and months where things will turn bearish at least for the short-term. TA Video by Benjamin Cowen.
