Is Bitcoin Ready to Trend Again?
After numerous, tumultuous, and arduous months of sideways chopsolidation...Bitcoin might be approaching the end of this frustrating chapter.
G’day Folks,
At the time of writing, Bitcoin is exactly $61k according to my blockclock. Now give the long, laborious chopsolidation we all know and love…this shouldn’t be much of a surprise.
Just another day at sixty one k…
But what if…just maybe…this $61k isn’t like all of the other $61ks we have seen over recent months. What if the market is getting ready to leave this regime of chopsolidation behind and start trending again?
In this piece, Check the HODLer is going to ask Check the Analyst what he would look for to assess the following two questions:
When will this painful chopsolidation come to an end, and when will we trend again?
What would a sufficiently brutal local low need to look like to signify that trend may well be back to the upside?
Without further ado, Check the Analyst, over to you…
📈 Reminder: you can find the charts from our articles on the Checkonchain Charting Website.
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