Bitcoin traders are watching from the sidelines, at least per the recent formation in the daily chart.
Even though the medium-term trend is bullish, prices have been consolidating inside a $1.5k zone with limits at $25k and $23.5k.
Notably, the immediate trend favors buyers as the coin is within the February 15 engulfing bar. As it is, traders have to wait until there is a clear trend in the short term.
More information:
crypto-economy.com
Even though the medium-term trend is bullish, prices have been consolidating inside a $1.5k zone with limits at $25k and $23.5k.
Notably, the immediate trend favors buyers as the coin is within the February 15 engulfing bar. As it is, traders have to wait until there is a clear trend in the short term.
More information:
Will Bitcoin Bears Take Charge and Force BTC to go below $23.5k?
Bitcoin is bullish from a top-down preview. However, bears are flowing back and BTC may slip below $23.5k if sellers press on.
crypto-economy.com