BITCOIN CONSOLIDATION PATTERN | MULTI-MONTH PRICE FORECAST

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I believe Bitcoin will not follow the price action from the previous cycle and instead carry out a consolidation, bullish pennant, equilibrium formation.

  • Price in equilibrium pattern as it gets squeezed over the coming months
  • RSI projection is heavily bearish
  • 200WMA forecasted to intercept upwards sloping trend line for potential pivot point


Monthly MACD cross over, heavily bearish forecast for the coming months.
スナップショット

Conclusion: Bullish momentum halted for the short and medium term. Price to consolidate & volatility to weaken over the coming month(s). Price to swing and pivot between trend lines and squeeze before breaking out to the upside.


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