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A Month Left Until The End of The Consolidation of Bitcoin Price! by chorock

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· @chorock ·
$10.51
A Month Left Until The End of The Consolidation of Bitcoin Price!
Bitcoin price is going down since November 2021 like a stairs. We spend a month in 28K-32K level and We are at 21K. This level will be Bitcoin price's new consodilation level...

It may take a month again to complete the consolidation. Bitcoin price will meet mini downtrend line after this consolidation. Bitcoin price went down after touching this trendline at 32K level..

![Ekran Resmi 20220617 00.33.32.png](https://images.hive.blog/DQmS2X384QqdmMiubCSXqKa34KC3xTW4GetNtyXDV3F7Wn8/Ekran%20Resmi%202022-06-17%2000.33.32.png)

So, Will Bitcoin go down after touching this trend line again?

I think Bitcoin price will break up this downtrend line..

Here is weekly chart of Bitcoin and RSI Indicator is at oversold level..

Bitcoin price went up at least 20% after oversold level. So, Bitcoin may recover its loses after going up oversold level..


![Ekran Resmi 20220617 00.40.27.png](https://images.hive.blog/DQmZvRz6cz4vmtnJnLYnitNTPc3HPLhrVbWtuYhRwH7M6VC/Ekran%20Resmi%202022-06-17%2000.40.27.png)

We cant predict the bottom of Bitcoin but Downtrend may be turned in a month later..

We will see..



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@pixresteemer ·
<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 110 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-109-and-start-week-110) just started...you can now check the winners of the previous week!</center><center><sub>14</sub></center>
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