Bitcoin Price Action Lulling Us To Sleep

$BTC

Bollinger Bands are tight. The ROC since November’s monster move has been in a similar low range. Price action in BTC is lulling investors and speculators to sleep right now. This won’t last.

My view is that the bias remains to the downside, over short term frames, for as long as BTC is below $100K. Following March 2024’s similar spike higher, we saw a similar months long consolidation that brought BTC back towards its 200 day moving average. Kind of looks like what we are seeing now.