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After a prolonged stair-casing down in this corrective bearish market, we levelled out and have gone sideways for a day or so as a period of consolidation and accumulation.
In this zone of indecision, I identified the current bottom and we are indeed held up by a significant lower support which it has tested and honoured a few times. So in spite of a lot of ...
Currently BTC is in a consolidation zone, with scope to make moves up or down within its current channel. The slow assent, indicated by the lower broken orange line provides a level of support, and I expected it to adhere to this.
Soon it'll be approaching the end of a wedge, where we could see it breaking out with upward momentum towards a 'third wave' as the ...