Consolidation is starting and the bottoming process is beginning...
Bitcoin is on the rise again.
If bitcoin surpasses the 920 - 940 level we have the conformation that it's at the end of the consolidation proces... Above 940 we have left the consolidation fase and bitcoin will start rising again t the next stop around 1140...
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It is POSSIBLE that the price of bitcoin will RETEST this week the 1140 -1070 zone... (mind this is a possibility). That would be be nice entry point to accumulate...
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Bitcoin is NOW retesting its support zone as described 5 days ago. Good news that the ETF is NOT approved. Bitcoin will stay transparant and NOT infected by derivatives. A nice opportunity to buy some extra Bitcoins!
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Khawaja
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Nice analysis.
Have a great day of trading.
Best Regards.
Have a great day of trading.
Best Regards.