‘Major catalyst’ needed to send Bitcoin price to a new ATH, says analyst
Dan McDermitt from TheChartGuys says Bitcoin’s growth over the past month has been impressive but a "major catalyst" is needed if BTC is to reach a new all-time high. The cryptocurrency market has been on a tear over the last month as Bitcoin price climbed 73% from a low of $29,200 on July 20 to a high of $50,478 on Aug. 26, a move that has warranted caution from Dan McDermitt, cryptocurrency market analyst and co-founder of TheChartGuys. According to McDermitt, Bitcoin’s relentless march over the past month was done “with a lack of weekly consolidation,” which was an impressive....
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