What I think People are missing on BTC
Here i simply marked the top and bottom of this consolidation /descending flag and I marked 2 additional center lines to see more clearly that this area is acting as a highly volatile area in the center of this support and resistance. it does not indicate the end of the bull run (to those trading crypto and causing fud) what's happening here is marked on the chart it is almost perfectly mirroring this area on each side of the dashed line, this week it reached this mid point and is reacting to this area like it did before and getting ready to mirror a move to the upside. it is expected to be reacting at this level and maybe it wont mirror exactly the same or may retest the bottom trend line but it will surely break this consolidation sooner or later to the upside , 100k BTC by December is highly probable in my opinion
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.