BitcoinLong
BITCOIN - IN-DEPTH CONSOLIDATION ANALYSIS
Good morning, Alkalites! Today we will show you an in-depth analysis of the current micro consolidation on Bitcoin.
As you can see here, Bitcoin has formed a pennant retail structure while it’s still in an accumulation phase. We believe that the bullish breakout in the structure will reinforce the retail bias.
This should cause a quick drop to near the psychological level of 43k, gathering that liquidity needed to meet the long-term expectations of continued growth in Bitcoin.
Stay tuned!
As you can see here, Bitcoin has formed a pennant retail structure while it’s still in an accumulation phase. We believe that the bullish breakout in the structure will reinforce the retail bias.
This should cause a quick drop to near the psychological level of 43k, gathering that liquidity needed to meet the long-term expectations of continued growth in Bitcoin.
Stay tuned!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.