Bitcoin Consolidates Under Heavy Resistance, Prints Bullish Pattern: A Look At The Technicals

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Benzinga

Bitcoin (CRYPTO: BTC) was trading slightly lower Tuesday in consolidation, while the stock market was closed for Independence Day. The sideways move came after the apex crypto spiked about 2% higher on Monday, when Bitcoin rejected near the $31,500 mark. The crypto was trading horizontally on far below average volume, which settled Bitcoin into an inside bar pattern on the daily chart. An inside bar pattern indicates a period of consolidation and is usually followed by a continuation move in the direction of the current trend. See Also: Ethereum Tops This Key Level An inside bar pattern has mo…

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