Bitcoin's consolidation above $30,000 looks bullish and may end up furthering the price rally. reports godbole17.
Bitcoin's recent price consolidation above $30,000 seems to be taking the shape of a technical analysis pattern called a"bull flag," a pattern that indicates a further rally is likely to be on the cards.
A bull flag consists of a pole and a flag. The pole represents the initial price rally and the flag represents subsequent consolidation stemming from temporary exhaustion of bullish sentiment and the absence of strong selling pressure.tends to rally
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