Post by: newshunter on June 17, 2022, 07:00:47 PM
Analysts say the entire crypto market is in for a very long consolidation and accumulation period following BTC’s current drop to 2017 highs.
Source: Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K (https://cointelegraph.com/news/bitcoin-traders-expect-a-long-consolidation-phase-now-that-btc-trades-below-21k)
Would appreciate your opinion about this
Post by: cheezcarls on June 18, 2022, 05:09:39 PM
Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K
<p style="float:right; margin:0 0 10px 15px; width:240px;">(https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvMTg0ODJmMjctMjRjZi00NjQ1LTgxYjYtOTk1MmZlM2VmMWVkLmpwZw==.jpg)</p><p>Analysts say the entire crypto market is in for a very long consolidation and accumulation period following BTC’s current drop to 2017 highs. </p>
Source: Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K (https://cointelegraph.com/news/bitcoin-traders-expect-a-long-consolidation-phase-now-that-btc-trades-below-21k)
Would appreciate your opinion about this
And it currently broke the $20k support level and goes down to as much as $18,800 before hanging around $19.3k+ now. I have a feeling that it might be staying at this range for a long while before we could finally see a relief of recovery. I am not expecting a huge bull run in the final quarter of this year, but who knows I could be wrong.