#BTC Never Ending Consolidation, What's Next?
Updated
Bitcoin is currently trading under 45k to 49k range.
While the institutions are trying to grab as much BTC and ETH as they can there is a fight between the bulls and the bears that we have been watching since few weeks.
All those lower wicks are the buying pressures and the ones on the upper side are the selling pressure from the bears.
I expect BTC to hold for now and get back to $48,000.
Close below $44130 will invalidate this chart.
Stay tuned,
More frequent updates will be posted
Do hit the like button and share your views in the comment section
#PEACE
While the institutions are trying to grab as much BTC and ETH as they can there is a fight between the bulls and the bears that we have been watching since few weeks.
All those lower wicks are the buying pressures and the ones on the upper side are the selling pressure from the bears.
I expect BTC to hold for now and get back to $48,000.
Close below $44130 will invalidate this chart.
Stay tuned,
More frequent updates will be posted
Do hit the like button and share your views in the comment section
#PEACE
Comment
BTCUSD : 4 hour chart closes in approx 2 hours and 15 mins. The good thing is we just touched the 21D MA and bounced right back. If we mainting the same till the close BTC could retrace back to the upper channel resistance around 49k.
Let's wait for the candle to close.
All USDT pair altcoins will follow BTC so better to watch BTC now.
Stay tuned
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