Shortly after a sharp drop from the mid $14,000 to the lower $9,000s, bitcoin saw a strong bounce to the upper $11,000s. At the time of this article, bitcoin appears to be consolidating and is ready to make its next moveFigure 1 BTC-USD, 1 Day Candles, Macro ViewIn the previous BTC market analysis, we discussed the distribution trading range the market fell out of as it reached for lower support boundaries. Ultimately, it found support on the macro 50 retracement values near $10,000. Once it
Author: CryptScout.com
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