BTC/USD showing signs of consolidation

BTCUSD Is showing signs of consolidation near the 17,000 resistance level.

If the price breaks above this level in the following days or weeks that would probably mean a continuation of the Hype trend (blue line). A failed breakthrough might signal the end of this trend. In this last scenario the prices could fall back to the mid-term support level or even the Long long term trend (purple line).

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