Here's a question: What if Bitcoin (BTC) consolidated the recent gains with a sideways range between 8700 and 9700. While that would be boring for Bitcoin (BTC), it might give the rest of the market a chance to catch. We see decent looking charts across the crypto spectrum ranging from ETH and LTC to smaller coins like TRON, RVN, and MATIC.
Looking at Bitcoin (BTC) futures at the CME, dips may be limited, and a price gap may get filled. So, we think Bitcoin (BTC) may frustrate longs with a tight range and scare shorts with a lack of a down move.
Bottom Line: If the Trump administration can't say or do anything to stop the next rise in Bitcoin (BTC), then Bitcoin (BTC) may range trade, maybe dip, and then resume the advance. In the meantime, the rest of the crypto may play catch up.
Looking at Bitcoin (BTC) futures at the CME, dips may be limited, and a price gap may get filled. So, we think Bitcoin (BTC) may frustrate longs with a tight range and scare shorts with a lack of a down move.
Bottom Line: If the Trump administration can't say or do anything to stop the next rise in Bitcoin (BTC), then Bitcoin (BTC) may range trade, maybe dip, and then resume the advance. In the meantime, the rest of the crypto may play catch up.