Bitcoin Fractals May Indicate Next Move as Consolation Continues

Bitcoin BTC Price Tom Lee 768x576

Another day has passed with very little activity on Bitcoin markets. The king of crypto continues to consolidate as its trading channel tightens up in anticipation of another big move. Technical indicators may give us a clue as to which direction BTC will take next. Another Week at Support For Bitcoin Weekends are usually pretty quiet for crypto trading and this Sunday has been no different so far. With very little activity during the Asian session, Bitcoin has remained range bound in the low $8,300 region. A brief move up to $8,400 yesterday could not produce any more momentum as the 50 hour moving average proved to be too strong a resistance level. According to Tradingview BTC has been flat since its Friday pump and dump and the overall down trend is still intact with a death cross approaching on the daily timeframe. Analyst and trader, Josh Rager, has been…

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