BTC is now consolidating around the $7900-$8200 range which is a nice signal that its building a base to run upon. Just a few days ago we saw huge breakout from the $6900 mark, which sort of trapped BTC for over 3 weeks in its clutches.
It's been historically evident that the longer the consolidation phase, the fiercer the breakout Bitcoin delivers, so just HODL on that crypto folks because we are about to go on a ride !
I'll be posting an article tomorrow about a pattern forming in bitcoin and all the main cryptos!
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I will be waiting man. Cheers.
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Article is up!
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Read it. Good work man. Please follow me. I am following you.
We are far from a bear market since the 21, 55 and 100 EMA are not under the 200 SMA as of now. We are in a consolidation phase right now.
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If you look at the logarithmic chart, we are in a bear market. I do appreciate the optimism though.
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