Consolidation is starting and the bottoming process is beginning...
Bitcoin is on the rise again.
If bitcoin surpasses the 920 - 940 level we have the conformation that it's at the end of the consolidation proces... Above 940 we have left the consolidation fase and bitcoin will start rising again t the next stop around 1140...
Note
It is POSSIBLE that the price of bitcoin will RETEST this week the 1140 -1070 zone... (mind this is a possibility). That would be be nice entry point to accumulate...
Note
Bitcoin is NOW retesting its support zone as described 5 days ago. Good news that the ETF is NOT approved. Bitcoin will stay transparant and NOT infected by derivatives. A nice opportunity to buy some extra Bitcoins!
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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.