What's up with BTC?
At the moment BTC is trading at 64k and for 2 days now, it has been consolidating along the 63k-64k price zone.
Sorry to bust your bubble BEAR team, but, unfortunately, this is not a bearish sign. Candles are moving sideways, creating support to sustain another good rally. This is a typical market movement.
To recall, we have a bullish double bottom visible in the 6H chart. Upside target is 73k. This pattern is still valid and the above mentioned target may still play out.
Moreover, lately, the 6h and daily KDJ oscillator has detected massive buy volume at 58k, 60k, 62.8k, 63.5k, 64.9k and 71k. These are serries of good support, standing right next to each other. Strong signs of uptrend continuation.
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By the way, if your still loking for a safe, low cap token, checkout PITBULL
BTC chart below.
