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BTC/USD: Consolidates Below $112K: Breakout or More Range-Bound Trading?
Bitcoin has been pretty quiet during the session here on Thursday as we try to sort out where to go next as market participants are pretty bullish over the last several days, but now we are trying to work off some of that froth. We have been consolidating for a while and therefore it's I think still another situation where we are testing what would be the massive resistance that starts at $110,000 level. The $110,000 level of course had been pierced, and we did see a little bit of momentum to the $112,000 level. So, I think that's really where we need to see the market break above to truly take off. This is something ... (full story)
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