The final week of Bitcoin consolidation

 

 

 

 

This week represents the end of a timing element that has held Bitcoin within a several month long consolidation following the big pop in November. Despite the bearish influences of the Weekly timeframe Bitcoin has held it’s ground in this long duration consolidation. Now that influence is about to be removed at a time and price where the weekly Chikou momentum can get clear to above the cloud to signify a long term bullish trend.

btcusd 3-14-2016

About the Author Maneshkumar Patel