This is the period where bitcoin and all altcoins move sideways. Bitcoin is trapped in between 8800 and 9900 since 10 weeks, which is 2 and half month. This mostly comes after big move, this time the big move was from $3800 to $10,000.

Consolidation often bring another big move, when the consolidation is after a big move upside, it is very likely that next move will also be upside. If there is big move in positive direction, we can expect bitcoin to go to at least around 16,000. This action will pull all altcoins to positive direction, atcoins may or may not gain value compared to bitcoin but what is most likely is that USD value of all the coins will certainly rise.

Bitcoin has more odds of breaking toward upside because of following reasons and I have told this repeatedly.

• Halving just took place few weeks ago, and price pump after halving haven't taken place yet.

• Bitcoin is in almost perfect acceding triangle.

• Bitcoin is in bull market, above 200SMA and strong bounce after such a huge dump proves it clearly.

• I am not a financial advisor.

• You should trade only if you can loose money and still be fine.

• Do your own research.

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