Bitcoin's Upward Momentum Predicted by Analysts Amid Consolidation and Resistance.
TL;DR
Crypto analyst Tone Vays predicts that Bitcoin's current consolidation phase will result in a strong breakout rally to the upside. Vays notes that key moving averages on the weekly chart are acting as support for Bitcoin, and he expects a golden cross to occur as the 20-week moving average passes above the 50-week moving average. Vays believes that Bitcoin will break out of its consolidation within two weeks and remains 100% bullish in the market. Bitcoin is currently trading at $28,034.
Topics:businesscryptocurrency#bitcoin#consolidation#cryptocurrency#golden-cross#technical-analysis#tone-vays
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