Nothing goes straight up, BTC in consolidation mode
Bitcoin has been up for 6 months in a row, nothing goes straight up
Now it's time for BTC to consolidate for a bit.
You can probably forget about those lambos for at least the next month or two, might take a bit longer for bitcoin to regain its momentum.
But this doesn't look like a top yet, it looks more like intermission:
(Source: https://twitter.com/100trillionUSD/status/1385607970059345924/photo/1)
We saw this both in 2013 and in 2017.
The consolidation in 2013 was longer than the one in 2017, but both took a bit of a breather about halfway and 2/3rds of the way through the move.
I think that is where we are right now in bitcoin.
Now's the time to prepare for the blow off top...
Stay informed my friends.
-Doc
Thank you!
@jrcornel Do you think during the one of two months of consolidation there is going to be an alt-season?
no prbl now goes up again