Bitcoin - Consolidation Mode

Hello traders,

Here is a slight about on Bitcoin price action. Where if the price breaks the "ICE" we are heading to:

First target: $7450
Second Target: $7000


Best of luck :)

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It is interesting when you see how headlines are written during the distribution phase (yet to be confirmed with one final signal). Makes me vailed my analysis even more, here are a few:

1. Could Bitcoin Reach $100,000 in 2020? This Indicator Says Aye
2. Fidelity Is Really In Love With Bitcoin: Texas Office Filled With Crypto ASICs
3. Crypto Market Remains Strong: Bitcoin Cash, BNB, EOS, TRX Price Analysis
4. CME Futures Gaps Hint Bitcoin Price is Headed to $18,000 Or Higher

As they say, sell on good news and buy when everyone is scared. Let's see how this plays out...

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The above chart on a 15-min timeframe

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Bitcoin did not break the ice - therefore the current targets are canceled. I'll update the chart once I see a clear path of Bitcoin's price. Best of luck :)

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