Crypto
Bitcoin Consolidation: Signs of Further Upward Momentum
Bitcoin has been in a state of consolidation for 19 days, which is likely a continuation pattern. Analysts suggest holding long positions as the asset consolidates sideways.
On the daily chart, the pullback has been absorbed through consolidation. Indicators are nearing the zero line, indicating a further upward move may be on the horizon.
Given the repeated oscillations in the market, it's recommended to reduce leverage to avoid being stopped out.