CNBC Fast Money trader Brian Kelly sees three possible signs of a price freeze like Bitcoin (BTC) hits $ 19,000. Fundamental as well as technical factors suggest that a downturn could be imminent if the rally becomes overloaded.

BTC / USDT 1-hour chart (Binance). Source:

Kelly cited three reasons why a Bitcoin pullback could occur in the short term. The reasons were the pump of altcoins, overpriced address growth and high funding rates. On November 25, he has said on CNBC:

“I am still a Bitcoin bull. In the long run, I will be a bull for the next ten years. But when I take off the hat of the long-term investor and put on my hat for the trader in a short-term hedge fund, there are some things that I am starting to see as signs of a top. “

Altcoin pump is shaking things up

As Cointelegraph reported, alternative cryptocurrencies (altcoins) such as XRP and Stellar (XLM) have risen sharply in recent months. Their uptrends were reminiscent of the altcoin mania of January 2018, when BTC began to pull back and altcoins rallied.