Bitcoin is in a solid uptrend across all major timeframes — hourly, daily, weekly, and monthly.
There have already been two clear consolidation phases followed by strong upward moves.
Currently, the price is consolidating again.
There’s a high probability that it will retest the previous highs.
But will there be enough momentum to break through them?
What concerns me for now is the declining volume as the price continues to rise.
This could turn out to be one final push upward before a deep correction.
We'll see.
There have already been two clear consolidation phases followed by strong upward moves.
Currently, the price is consolidating again.
There’s a high probability that it will retest the previous highs.
But will there be enough momentum to break through them?
What concerns me for now is the declining volume as the price continues to rise.
This could turn out to be one final push upward before a deep correction.
We'll see.
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.
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.