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RE: WEEKEND BITCOIN TECHNICAL ANALYSIS
I like your point of view! Do you think Bitcoin will consolidate in this area?
What do you think about the end of CME futures? Do you think Bitcoin will run with the bull again? Great post! Upvoted! :)
Hey tempus, thanks for stopping by :)
I think we’re seeing some consolidation now as buyers try to push through the blue resistance zone but as we’re in a short term bearish trend, they are just getting soaked up. It’s a good sign that price hasn’t dropped hard out of it, but a breakout is coming one way or the other.
My friend @buzzbeergeek, wrote a great blog on his thoughts around Bitcoin futures. It’s worth checking out and I share a lot of these sentiments.
Of course. The crypto market is maturing and having periods of consolidation or short term bearish trends, doesn’t take away from an overall bullish market, which we’re in. Wait for Lightning Network to be properly implemented into Bitcoin and we’ll see some momentum alongside the positive media attention it will garner.