Bitcoin: The Calm before the Storm? 🌪

31 Eki 2023

After the impulsive spike to the upside about a week ago, the bitcoin bulls have understandably calmed down a bit. Accordingly, the price has moved mostly sideways over the past few days. Our primary assumption is that this consolidation phase will soon be resolved to the upside, as we still grant the current wave (iii) in turquoise some room to go higher.