Bitcoin Trend Analytics May 13th – consolidation formed

Bitcoin / TetherUS BINANCE:BTCUSDT

BitMidas

BTC is in the downward channel , with the bearish impulsive wave now concluded.

$26579.39 resulting from the calculation since May 10th functions as a very strong support.

Now the bearish trend flips into consolidation under resistance.

The new triangle is formed before the next FOMC, provided that the price keeps above $26579.39-$25410.65 until Jun 16th.

Welcome chatting. Safe trading, frens.

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