B-17

Head and Shoulders invalidated via consolidation. Whats next?

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BITSTAMP:BTCUSD   比特幣
Bitcoin remains in a two month consolidation range, Bulls are hopeful a triple bottom formed, while Bears consider overall trend weakness puts $20K in play. I have no idea where prices will be tomorrow, next week, next month... you get the idea.

The market is consolidating, until a clear trend forms, it's anyone's guess what's next on technical. On chain, lightning stats, and, overall fundamentals are significantly more supportive than May. Lightning network growth is impressive.

Taken as a whole, I continue to DCA and remain bullish long term.

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