BTC is in consolidation for more than one year now.
We can see how it has tried to breakout in october but for some reasons it couldn't hold the gains. After the november peak it started its downtrend and fell 50% in 3 months.
This fall took it back inside the triangle.
Then BTC held again the same trendline that rejected it in june 2019. It's now the 2th time it's holding the line, will it be enough for the market to start a new impulse?
IMO we are close to an uptrend but only time will tell! Keep it tight!
Here for you, as always, CryptoSoap!
We can see how it has tried to breakout in october but for some reasons it couldn't hold the gains. After the november peak it started its downtrend and fell 50% in 3 months.
This fall took it back inside the triangle.
Then BTC held again the same trendline that rejected it in june 2019. It's now the 2th time it's holding the line, will it be enough for the market to start a new impulse?
IMO we are close to an uptrend but only time will tell! Keep it tight!
Here for you, as always, CryptoSoap!
