Good morning, Alkalites! Today we will show you an in-depth analysis of the current micro consolidation on Bitcoin.
As you can see here, Bitcoin has formed a pennant retail structure while it’s still in an accumulation phase. We believe that the bullish breakout in the structure will reinforce the retail bias.
This should cause a quick drop to near the psychological level of $43k, gathering that liquidity needed to meet the long-term expectations of continued growth in Bitcoin.
Stay tuned!
As you can see here, Bitcoin has formed a pennant retail structure while it’s still in an accumulation phase. We believe that the bullish breakout in the structure will reinforce the retail bias.
This should cause a quick drop to near the psychological level of $43k, gathering that liquidity needed to meet the long-term expectations of continued growth in Bitcoin.
Stay tuned!
