BTC due for consolidation, but not just yet!
Bitcoin is going to be consolidating possibly soon. 50 to 75k incoming first! possibly 250k this year.
The only reason this would not consolidate is if it hugs the inner circle as more institutions are converting balances into bitcoin thanks to mike saylor in which, we will see higher numbers even sooner.
At the intersection at the right side of outer circle and the trend line you can see 400k in Jan 2022!!! this does fit the narrative of ark ceo and such saying that prices could hit 300k by the end of 2021.
After that, expect a drop down to 25k at worst in 2 years as the circles flatten over time.
THIS IS NOT ADVICE JUST AN ASSUMPTION BASED ON TRENDS.
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