Bitcoin: 36-Day Consolidation Fractal Eyes $121k
Trader Tardigrade highlights Bitcoin consolidating for nearly 36 days on the 3-day chart, mirroring the prior cycle that preceded a breakout and now targeting $121k.
SourceAnalysis
Bitcoin has now spent nearly 36 days in consolidation on the 3-day timeframe, matching the exact duration that preceded its last breakout according to @TATrader_Alan.
Price currently sits at $81559.77 inside a bearish 4-hour structure defined by the EMA50 at $82217.12 and EMA200 at $82047.08. Momentum remains neutral with RSI(14) at 45.69, while the MACD has printed a bullish golden cross at -77.42. With price testing the upper Bollinger Band resistance at $82690.55, a healthy retracement toward the 50-EMA support at $82217.12 appears probable before any continuation higher.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.