Topic 5568511
‎Recent market analysis and price action depicts Bitcoin as being in a stage of sideways trading or consolidation, even though it has slightly shown a downward movement, the truth is that it is trading within a relatively narrow range with a more downtrend bias. The current price action or Bitcoin, is a strong sign that the next major trend is soon to start, if you agree.
Of course I agree. A period of consolidation or sideways movement indicates that the market is gathering strength for the next major move, that's my observation based on the history of previous periods. Situations like this can be a good opportunity for traders and investors to prepare themselves for when the next major trend begins. Some traders out there may see the consolidation period as an opportunity to capitalize on low volatility to buy or sell Bitcoin at a price they desire. They may also use this situation to monitor price movements and prepare trading or investment plans for the next major surge.
Optimism about the positive trend that will occur arises when understanding the consolidation period, traders and investors can take advantage of this opportunity to take appropriate action and be better prepared when the big move arrives.