The current 6-month consolidation of Bitcoin's price action looks similar to the one in October 2023. The price has now broken out above the 200-day SMA. If it continues to hold above and move up in the next few weeks, the bull market will continue.
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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.