BTC ALERT! CONSOLIDATING BETWEEN 99K TO 92K WHAT NEXT?
For the past one week or so, we've seen BTC fly all the way to 99K. Quite a thrill right? But just after that BTC has continued to consolidate right from 99k to 98k to 97k all the way to 91k and now at 93k. The question every investor must be having in mind is what next for BTC?
There are some skeptics are already believe that we are done with the bull run. Those are dead wrong, they probably have no idea whats coming. The move has literally just started flying. Now here is my ANalysis: Like the Chart Below, we were first in a channel where consolidate for a long time, after breaking out of this channel the one in light blue lines at about 67-68K. BTC did something exceptional to the rules of the channel it jumped the second channel and went all the way to the third channel to its upper line which is around 98k to 99K. AS you can see much as BTC managed to fly and break the first 2 channels disrepectively, it atlast failed to breakout of the third channel. The one in yellow. Infact it just started its consolidation in this channel. So the question is what do we expect since BTC is in this third channel. Here are my predictions, I believe that if BTC was just going to continue all the way to 100K and above then it would have just jumped out this channel like it did in the second one without retesting it. Now since it started consolidating in this third channel. Then i predict that BTC will have to consolidate all the way down to the lower line of this channel. Which as you see is between 77.8k to 80K. That white line. BTC will have to retest this lower line of the channel before finally going all the way up to 105k. This is is my prediction. In other words, it will have to come back to the lower line of the channel by all means before continues. I remain the Crypto Dragon your unparalleled and unconventional crypto analyst.
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