Bitcoin Top? Watch This Yearly Pivot Level!

bitcoin top btcusd yearly price pivot resistance chart peak year 2020

$BTCUSD Bitcoin Chart

Bitcoin $BTCUSD is currently testing the 2020 yearly pivot points (YR1).

Last year, the 2019 yearly R1 pivot point was strong resistance and marked a Bitcoin top.

Will the YR1 pivot mark the high this year like it did last year? Could a Bitcoin top be nearing?

Sign up for our FREE newsletter
and receive our best trading ideas and research

If history repeats itself, this is a good spot to take some Bitcoin profits off the table.

To learn more about yearly pivot points, please check out my “Using multiple pivot points for trading opportunities” webinar.

Twitter:  @Pivotal_Pivots

The author may have a position in mentioned securities at the time of publication.  Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.