Crypto:
30445
Bitcoin:
$62.689
% 2.00
BTC Dominance:
%53.4
% 0.12
Market Cap:
$2.29 T
% 1.42
Fear & Greed:
47 / 100
Bitcoin:
$ 62.689
BTC Dominance:
% 53.4
Market Cap:
$2.29 T

Bitcoin Consolidation Paves Way for New Peaks, According to Analyst

Bitcoin, Bitcoin Halving, Btc

Cryptocurrency analyst Willy Woo has commented on the current state of Bitcoin (BTC).

In an X post dated March 28, Woo analyzed Bitcoin. Stating that the price has been consolidating for about two and a half months, the analyst said that this data is very positive.

He pointed to the Bitcoin Macro Oscillator (BMO) chart, stating that the consolidation has created a large playing field for Bitcoin.

Stating that the BMO has descended one level during this consolidation process, Woo emphasized that this indicator has 2-3 levels of upward movement before reaching the macro peak.

You might also like OKX Exchange Registration Procedures and Usage Details!

In line with this data, while implying that the new peak point may be carried to higher prices than expected, the following statements were included in the details of the explanation:

This 2.5-month consolidation under demand for increase was very good for #Bitcoin, which means that the price has more room to move before reaching the peak.

Rate this post
READ:  Thomas Sfraga Found Guilty After FBI Investigation

Leave a Reply

Your email address will not be published. Required fields are marked *