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RE: Is Bitcoin's price consolidating for another bull run?
As far as I am concerned the correction in Bitcoin has been going on long enough. I think the low today at about 8550$ should be the end of this correction. If we start seeing impulsive patterns generating new highs, we could be on our way to the next all time high. Time will tell :-)
What we want and what will happen are two different things altogether. In crypto it seems to be more so.
From an emotional standpoint I'm always saying that's it, the market has bottomed but the technicals from the chart are still suggesting further bearish trend in the near short term. $7,500 is next support.
Will post about this shortly. Thanks.