Bitcoin: More Price Changes, The More It Stays the Same
It is always nice to see an uptick in the crypto market. Bitcoin had a nice day yesterday and is slightly higher today. However, has price action changed at all?
More Price Changes, The More it Stays the Same
When you look at the bitcoin daily chart you see we are still firmly in the trading range of the last couple months.
Price needs to establish above 4,200 before we can see any true change in the current trading theme.
If that were to happen then we have upside all the way too 5,500 as evidence in the prior consolidation before the big drop that I have a line drawn from.
We shall see, but right now same old news.
Great analysis, the last few days have been bullish and if the trend continues we might touch 4200 within a few days - we have many good news lined up in the crypto space.
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Yes, seeing some positive momentum fundamentally and technically in the market on a whole. Fingers crossed!
Thanks. It's important to keep things in perspective. Don't wanna go all cray-cray YET. :P
Haha, yeah....one up day and people start breaking out the champagne.
Hopefully we are performing a long term bottom between $3k and $3600.
If anything we are building out a base atleast :-)
It is not enough BUT it is a star !
Thank you for the update
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Ur just a scaredy cat.... lol jk. Love the article
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Seems like we are looking for a landing zone still which we need plenty of consolidation and considering the amount we had at $6k, we may be here for the rest of the year!
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