Bitcoin (BTC) Consolidates After All-Time High Breakout

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The Bitcoin (BTC) price consolidated on Feb. 9 after breaking out to a new all-time high the day prior.
While the possibility of a short-term drop remains, Bitcoin is expected to continue increasing in the near future.
Current Bitcoin Movement
After breaking out amid a massive bullish candlestick on Feb. 8, BTC consolidated the next day, creating a Doji candlestick in the process. This is normally a sign of indecision.
Despite this, technical indicators are decisively bullish. The RSI has crossed above 70, the MACD is moving higher, and the Stochastic oscillator has just made a bullish cross (green arrow).
The main support area is found at $41,300. Source link