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The bullish view...
I've been presenting the bearish case. I should also present the bullish case because there's ALWAYS both a bearish and bullish side to every BTC consolidation period. Remember: BTC can ALWAYS go in either direction and there will always, in retrospect, be some kind of pattern or technical analysis to back up the move.
The bullish case is that we've already broken out of the big downward channel, which we have IF we draw it like this (very subjective) and now just found support on the top of it—a very bullish posture. We could bounce around in this range for a while and then resume our uptrend:
The bullish case is that we've already broken out of the big downward channel, which we have IF we draw it like this (very subjective) and now just found support on the top of it—a very bullish posture. We could bounce around in this range for a while and then resume our uptrend:
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