BITCOIN Consolidation Analysis
Bitcoin has been ranging for a while now.
Most of the times when this range market occurs, two things always happen:
1. A massive SHARP dump to retest the level(s) that failed to retest before it pumped
2. A fast pump breaking the major resistance(s) it failed to break before.
Now that the the market is accumulating, you have three (3) choices:
i.) HODL if you feel you can bear the loss down to the previous lows
ii.) Sell and just be in stables to rebuy when $ BTC goes lower
iii.) Keep HODLing on because you are convinced $BTC is going to pump and break the previous resistance(s)
If you ask me, in many cases like this, $BTC has the high probability to dump to retest the previous lows and....
Staying in stables might be a good plan. But that's just my opinion anyway.
You can DYOR too, this is just a market update and some direction analysis to update you on the possibilities of the market.
Feel free to leave me what you think Bitcoin might do next in the comment.
GM GM! āā
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