Bitcoin (BTC): Trading Sideways Underneath Previous ATH
Bitcoin is currently trading in the range of $16599 to $19666, bouncing between weekly support and the previous ATH.
From here it looks like BTC is going to find support again along $18383 as well as wick the bottom trendline before moving back up and breaking through ATH. If we would've dumped, it would've happened by now. Right now is the consolidation period before the next ATH.
I believe after this consolidation period that Bitcoin could hit $30,000 easily. The public isn't ready for this yet but its coming I can feel it.
Going to be flat and boring for a little while longer, but the pump will be worth the wait.
From here it looks like BTC is going to find support again along $18383 as well as wick the bottom trendline before moving back up and breaking through ATH. If we would've dumped, it would've happened by now. Right now is the consolidation period before the next ATH.
I believe after this consolidation period that Bitcoin could hit $30,000 easily. The public isn't ready for this yet but its coming I can feel it.
Going to be flat and boring for a little while longer, but the pump will be worth the wait.
Related publications
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.