Earlier last week, we witnessed a massive move from Bitcoin where we gained over 15% in a couple of days. Since then, volatility has died down, and we're currently trading in a period of consolidation.
However, we're not trading horizontal. The channel is edging slightly up, which could signal more bullish times in the near future.
I'm expecting BTC to go down some more, potentially towards the $54,500 area. In case the channel will hold, be prepared for a strong bounce towards $56k and up.
Happy trading!
However, we're not trading horizontal. The channel is edging slightly up, which could signal more bullish times in the near future.
I'm expecting BTC to go down some more, potentially towards the $54,500 area. In case the channel will hold, be prepared for a strong bounce towards $56k and up.
Happy trading!
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