Bitcoin (BTC) is now facing consolidation ahead of its recent impressive pump. The chart has shown a strong uptrend with higher highs and higher lows in the last few days. The Bitcoin price is however still above the Bollinger Band SMA, which could indicate that the
is currently seeing minor bull activity. The widening of the bands suggests increased market volatility.
The Awesome oscillator has however shifted its histograms from red to green as they decrease in size suggesting a weak bullish trend. Should the AO keep up this trend, a further dip in the short term is likely. The Bitcoin price stood at $66.4K as of press time representing a 0.07% pump in the last 24 hours.
https://blockchainreporter.net/daily-market-review-btc-eth-fet-rndr-near/
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