GoldBands

Is Bitcoin’s 4 week Consolidation Ending this Week?

BITSTAMP:BTCUSD   Bitcoin
Bitcoin has been consolidating for 4 weeks since the last big run up. Price has found support @ .764 fib, the breakout point of previous resistance. So is this the end of a 4 week consolidation / bull flag period?

This week’s doji still looks much stronger than any other of the top alt coins, with only Litecoin showing any signs of strength. This could be good for those bottom fishing and who are willing to take a chance.

(This is not investment advice)

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