Bitcoin's 31% dump may not be over
Looking at Bicoin's price action from June 2017, Bitcoin also came down to the bottom of the daily exponential ribbon only to consolidate and dump further to the 21 weekly moving average before continuing is bullish trend. Be mentally prepared for another consolidation and break down to previous support levels and the 21 weekly moving average. If we break up from the consolidation then great; continue to hodl. If we break down we can see prices of 26k-
23K before continuing to $50-60k. Just depends on how long the consolidation takes as to give time for the 21 weekly moving average to move higher as time goes by.
23K before continuing to $50-60k. Just depends on how long the consolidation takes as to give time for the 21 weekly moving average to move higher as time goes by.
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