Bitcoin still deciding...

in bitcoin •  2 years ago 

Bitcoin sitting on the support it must hold for the recent bullish momentum to continue...

Bitcoin broke out of a consolidation pattern last week, and has since pulled back to retest the breakout.

The move can be seen below:

image.png

(source:

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If bitcoin were to break below that support zone, it would not be good for near term bullish price action.

Then next couple days likely dictate where bitcoin goes for the next several weeks...

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  ·  2 years ago  ·  

If bitcoin were to break below that support zone, it would not be good for near term bullish price action.
I too believe so.