Consolidation before moon time?

in GEMS4 years ago

Bitcoin looks like it may continue to go sideways for a bit still

Looking at the current chart of bitcoin, it looks like we have be in store for some consolidation.

Which is good or bad depending on your perspective.

It's good because it means we are no longer going down and it may give altcoins some much needed relief.

When bitcoin gets volatile, altcoins get crushed.

This chart says that we are going sideways for a bit within this range:

image.png

(Source: https://twitter.com/sunnydecree/status/1310248062992945157/photo/1)

My guess is we go sideways for the next several days, possibly a week or more.

Then we finally get a resolution to the next round of stimulus and we break to the upside in a big way.

What do you see?

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