1st scenario:
BTC price is consolidating and we will likely witness a sharp breakout soon.
2nd scenario:
Bitcoin has not shown strong buy confidence. Even though price has been riding at the lower-end of the consolidation channel, multiple attempts from buyers have been rejected with a strong sell-off momentum.
At this rate, price is likely going to retest support level starting with the closest one at 33387.
BTC price is consolidating and we will likely witness a sharp breakout soon.
2nd scenario:
Bitcoin has not shown strong buy confidence. Even though price has been riding at the lower-end of the consolidation channel, multiple attempts from buyers have been rejected with a strong sell-off momentum.
At this rate, price is likely going to retest support level starting with the closest one at 33387.
