profssrfink
Long

BTC Death cross?? Nope

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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Bitcoin continues to consolidate and build a strong base. Im not overly bullish at the moment, but I feel like BTC continues to consolidate around the $8k level. This is good and shows demand where there has been weakness. Looking at the Daily and Weekly charts, I see a lot of potential for my oscillators to cross over to bullish territory. Given the pent up demand and the recent developments around regulation (positive), we may start seeing BTC creep back up over the next couple of weeks. Remember we have a G20 meeting about cryptocurrencies next week. See link below. The fact is cryptocurrencies and blockchain are top of mind for governments and businesses. And this will eventually mean positive price action.


https://www.coindesk.com/g20-delegates-w...

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