Are Bitcoin And ALTcoin Friends In Summer Consolidation?

6월 25일

Since 2018 Bitcoin and other cryptos were mostly consolidating through summer before they eventually broke out, in September or October.

If we take a look at BTCUSD chart from Elliott wave perspective, we can see it unfolding a five-wave bullish cycle. Notice that final subwave V can be still missing, so after current wave IV correction that can take even more time through the summer, watch out for a bullish resumption within wave V.