Bitcoin (BTC) surpassed its all-time high on Wednesday. However, since then the price has been fairly steady considering the breakout. Is this the pause before the rocket propellant is ignited? What could Bitcoin do next?
Bitcoin will rise when it’s ready
Many might have expected that once the Bitcoin bulls successfully pushed the price up and beyond the previous all-time high we would be off to the races. It is only two days later, but as it stands, this has not happened.
Expectations are only the perceptions of what an individual or a group might have, and in regards to the market, they can often be the very opposite of what actually happens.
Breakout and confirmation successful
Source: TradingView
The short-term 4-hour chart for $BTC shows that market behaviour is absolutely perfect so far. Once $BTC broke out of the big bull flag and the initial surge tailed off, the price crabbed along inside a rising channel for a few days. Breaking out of the top of this was a
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