Whats interesting about this BTC consolidation which is making me reluctant on upside is the fact that we have had three drives and made three higher highs. Normally you would like to see lower highs being made and then all of them getting swept up similar to 2022. Makes me think the run to high 90s is not coming from here.
I can see a scenario here with a higher low forming around 86k that could give as leg to mid 90ks. We also have a 3D bull div that formed which usualy plays out well. But at the same time price is struggling right under 3D 200MA.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Whats interesting about this BTC consolidation which is making me reluctant on upside is the fact that we have had three drives and made three higher highs. Normally you would like to see lower highs being made and then all of them getting swept up similar to 2022. Makes me think the run to high 90s is not coming from here.
I can see a scenario here with a higher low forming around 86k that could give as leg to mid 90ks. We also have a 3D bull div that formed which usualy plays out well. But at the same time price is struggling right under 3D 200MA.