Bitcoin is 3 weeks into a period of extended price stability that encapsulates the final weeks of the bear market. Sentiment remains low and neutral. Recovery will be apparent over the next 1 - 5 weeks. New platforms, like Bakkt and markets have been announced and are planned to come online but positive news will not seem to substantially change prices.
A...
Currently:
Bitcoin is potentially in a period of consolidation at the end of a large bubble cycle. Movement will seem sideways and down until indicators signal the next wave of adoption. Sentiment will remain low. Recovery will be slow for the next 7 - 15 weeks. Bitcoin obituaries are surging and general sentiment is very low.
A breakout through local resistance...
Currently:
Bitcoin is potentially in a period of consolidation at the end of a large bubble cycle. Movement will seem sideways and down until indicators signal the next wave of adoption. Sentiment will remain low. Recovery will be slow for the next 7 - 15 weeks. Bitcoin obituaries are surging and general sentiment is very low.
A breakout through local resistance...
Currently:
Bitcoin is in a period of consolidation at the bottom of the long-term channel. Movement will seem sideways and down until indicators signal the next wave of adoption. Sentiment will remain low. Recovery will be slow.
We'll bounce between key resistance and support lines for 1 - 5 weeks, ended by a breakout through local resistance by late May. The...
