Bitcoin Price Consolidating Exactly Where We Hoped

[scaredycatguide]

In this post I do a quick bitcoin price chart analysis to add to the video I did a few days ago now that price cracked 53K.

We are seeing consolidation in what is a 53k-60k range and it is well needed after the little moonshot price gave.

Overbought scenarios need to be worked off for constructive moves higher otherwise it just becomes a pump with an impending hard pullback.

BTC Price Action Good

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Comments

[shoukatt]

Nice and informative. If consolidation continues we may see new high.

[cryptowendyo]

Agree

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[luna1999]

Thanks for the information, I would like to ask, will if the price reach $60k will the increase continue or decrease?

[cryptowendyo]

I think it will continue to ncrease.

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[whatsup]

It's looking good! Moon Shot ahead.

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[cristina-zac]

That is pretty good
We hope it will continue on its way to 60k soon .

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[darkflame]

Thanks for the update! !PIZZA

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[vlemon]

This Bitcoin run looks great 😊

[catotune]

Overbought scenarios need to be worked off for constructive moves higher

Does this basically mean that the price needs to stabilize and find support at $53k? Thanks for the analysis, I predict that we’re going to see a new ATH this fall!

[cryptowendyo]

Agree

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[cryptowendyo]

Agree, it looks like pre-breakout, and you called it!

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