Bitcoin May be the Beginning of Mid-Term Consolidation Time

Even ETF news drop, Bitcoin price can not go up. I shared lots of analysis and said technical analysis is the barrier for Bitcoin price not to go up. Ecen there are lots of good news about crypto and Bitcoin, technical analysis stopped the bullish trend. We may enter bearish trend in a few weeks..

This may be until Summer. Bitcoin price may enter downtrend and It may take undil June. Here you can see monthly chart of Bitcoin. Bitcoin price touched the top line of Bollinger Bands in 2019 and I took 6 months for price correction..

Here you can see the Indicators below Bitcoin price chart. Fisher Indicator is on the sky as 2021 bullish season and it will reverse from the top and It will take long time to get ready for next bullish run..

I waited long time for this price correction. It will cause long price correction after fisining bullish trend..

We should be ready for price correction for mid term. It may be time to pick up cash..

We will see...

Posted Using InLeo Alpha