Bitcoin blow off top

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Covering the future of finance, including link, bitcoin, ethereum, crypto, and web 3. Hayes, the chief investment officer Laura Shin on the Unchained Maelstrom, recently said that bitcoin blow off top that the global banking system has been very accommodating to Bitcoin despite an official stance relatively higher rates.

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BLOW OFF TOP JUST STARTED
One such phenomenon is the blow-off top, which refers to a sharp and sudden rise in the price of an asset, followed by an equally rapid decline. A blow-off top indicates that a security's price is about to fall. This does not mean the price will fall immediately though. The rising part of a blow-off can. A blow-off top is a steep increase in volatility, volume, and rate of price change which ultimately leads to a collapse in the opposite direction.