In my previous post (BTC - Another BULL or PULL?), we took a look at the similar cycle BTC was playing. From bull run to consolidation and then to a retracement. By the look of the current chart, BTC really did a hell of a bull run penetrating through the roof of 20,000 towards a new all-time high of about 23,800.
What was a little different is, BTC was in a consolidation period at the time before the bull run. The previous chart mostly suggests a retracement after the consolidation before a bull run.
In my next post, I will explain what could possibly happen next. Stay tuned.