Similar
price
action
was
seen
in
early
March
after
bitcoin
pushed
to
a
what
was
then
a
new
all-time
high
above
$69,000
and
just
hours
later
found
itself
below
$60,000.
Later
that
month,
a
move
to
another
record
above
$73,500
was
snuffed
out
in
quick
fashion
and
more
than
four
months
later
that
level
hasn’t
again
been
challenged.
While
the
above
might
be
frustrating
to
leveraged
traders
and
their
profit
and
loss,
technicians
might
note
a
pattern
as
each
of
those
examples
shows
higher
highs
and
higher
lows
–
the
sort
of
“up
and
to
the
right”
chart
that
bulls
like
to
see.
Indeed,
earlier
in
July,
bitcoin
plunged
below
$54,000
as
a
German
government
entity
began
unloading
its
stash
of
50,000
tokens
seized
as
part
of
a
criminal
case.
Yet
just
a
couple
of
days
before
August
hits,
bitcoin
is
poised
to
close
the
month
with
a
sizable
gain
from
the
$63,000
area
in
which
it
begun.