BTC three possibilities: Fast Bull, Slow Bull and Very Slow Bull

Three possibilities, it is possible that BTC will continue to consolidate between 9200, 11000 and 12000 for 1 or 2 months.

www.blockchain....cluding-popular?timespan=2...
Fundamentally, this is because BTC transactions excluding 100 most popular addresses have dropped significantly from the 2 May 2019 top, which means a lot of the hype money have left BTC market. They will return eventually, possibly after a couple of months consolidation, in November and December 2019. Geopolitical tensions and some good news about BTC exchange traded funds and lightning network might be the catalyst for this uptrend as well.

If btc does consolidate between 9200 and 12000 for another 2 months, this looks like a huge bear trap, as many investors will incorrectly identify this consolidation as a sign of weakness and trend reversal and Wave B. Identifying Wave 2 as Wave B is very dangerous, there might be some gigantic short squeezes once BTC breaks above 12000 and 13000, adding more fuel to the long term uptrend.