🔥 Bitcoin Going Nowhere: Waiting For Clarity!
Bitcoin's has practically not moved over the last two weeks. Zooming out, BTC has been trading within a bearish channel since the start of March.
I've made several bearish posts before, where I expected the halving to turn out to be a sell-the-news event. Thus far, that expectation has not really played out yet, which is good for the bulls.
We cannot deny the fact that the long-term trend is still bullish, with a bull-flag scenario being a reasonably possible outcome.
Still, there's nothing to say as long as BTC trades within the supports and resistances drawn on the chart. Market has been incredibly choppy, so the only ones that are making consistent money are the market makers.
I'm waiting for clarity.
I've made several bearish posts before, where I expected the halving to turn out to be a sell-the-news event. Thus far, that expectation has not really played out yet, which is good for the bulls.
We cannot deny the fact that the long-term trend is still bullish, with a bull-flag scenario being a reasonably possible outcome.
Still, there's nothing to say as long as BTC trades within the supports and resistances drawn on the chart. Market has been incredibly choppy, so the only ones that are making consistent money are the market makers.
I'm waiting for clarity.
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