Analyst Advises Ignoring Short Time Frames as Bitcoin is Going to $100k

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Since its epic surge off the floor in early April, bitcoin has reached a level where it appears to be comfortable consolidating. This could continue for quite some time as one prominent analyst suggests. It might be time to ignore these choppy markets and focus on the bigger picture. Bitcoin In Slow Decline Bitcoin is on the slide again during the Asian trading sessioni today. From a touch of support turned resistance at $11,450, BTC turned south and has since declined almost 2% to an intraday low of $11,230 today. Bitcoin is currently sitting on support and a fall through it, which is looking likely, could see it drop back to the next level around $10,800. BTC price 1 hour chart – Daily volume has dropped considerably, along with volatility. At the moment the volume is down 40% on the week to around $13 billion. Bitcoin itself has dropped…

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