Bitcoin on the 30-minute chart has shown a period of consolidation, with price building up within a defined range. This type of price action often precedes a significant breakout or breakdown.
This idea rests on the expectation that the buildup of positions will trigger a sharp sell-off once momentum shifts.
This idea rests on the expectation that the buildup of positions will trigger a sharp sell-off once momentum shifts.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.