More specifically, during the last bear cycle (2014/2015) DI+ (representing buying pressure in green) crossed with DI- (representing selling pressure in red) between January and September 2015 and kept BTCUSD ranged in a consolidation phase. That was known as the accumulation phase that was the necessary step, paving the way for the next run.
We may have a similar situation at hand with the two indicators close to crossing again. Will Bitcoin enter a new consolidation period?
See more insight on how those market phases shape Bitcoin's cycle dynamics to better understand the current study:
.png' src='/static/images/svg/idea-image-placeholder.svg' alt='Bitcoin: Roadmap to the next Halving. Reward phases and cycles.' class="js-image-lazy-load">
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