Bitcoin Starting to Consolidate!!

٢٥ يوليو ٢٠١٨

Bitcoin is consolidating after rallying to around $8500. It will be a short consolidation in my opinion before seeing more upside. I still believe we will get to 10k in the next 2 weeks. We are also close to a weekly bull MACD cross which will be huge. The anticipation on an ETF being approved is without a doubt the catalyst to this move. If the ETF is approved, FOMO will be real and we could easily see at time highs. If not, I would expect a selloff and hopefully money flow into the alts. We will just have to wait and see.