Daily BTC Update
BTC continues to consolidate between 60K - $63600. At this point, there is no trend in place (see ADX) and we are just sitting around waiting for something to happen. There is a higher probability that price will break to the upside as this consolidation (at the previous all-time high) is usually bullish, The spring is compressing and the breakout should be enthusiastic. We are once again moving back up out of the lower area of demand and will be looking to once again test that 63600ish level next. Price on the four hour chart shows upward momentum building again.
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