BitcoinLong
BTC in the Doldrums
To put things into perspective, we've been trading this range for 76 days.
We haven't even touched the 20 weekly moving average, something we did 4 times during the 2017 bull market.
This long period of consolidation reminds me of a similar situation in June 2017.
Volume has been slowly declining and the range is getting tighter, all signs of a breakout, but when nobody knows.
The longer we stay in this range the higher BTC will move to the upside.
We haven't even touched the 20 weekly moving average, something we did 4 times during the 2017 bull market.
This long period of consolidation reminds me of a similar situation in June 2017.
Volume has been slowly declining and the range is getting tighter, all signs of a breakout, but when nobody knows.
The longer we stay in this range the higher BTC will move to the upside.
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