BTC IN CONSOLIDATION PHASE
We can now say that BTC is currently in consolidation phase. It’s major supports are 48800 48300 47800 and major resistance is at 49700. We need good volume to breakout at 50k. If bears took control and trend line is broken we could see btc at 43000 again. Market cap is at 2.09T dollars which should maintain in order to pump the alts. Market is highly volatile. Manage your risks accordingly. Any analysis could be failed. Not your FINANCIAL ADVISOR.
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.