BTC: The Recent Stability is a GOOD thing!

Bored about the lack of significant price movement in BTC? Don’t be.

We’ve been in a trend zone for over a month now, some fifty or so days, with a high closing around $10k and a low about $8.5k. These two ranges are forming the tunnel that BTC is consolidating at. The recent move to $9.6k do not negate this fact. For us to move to a breakout trend, we need to pierce, and hold, that $10k line.

Crab markets like this are to be expected. Considering previous market cycles, we can see that, yes, there were crab markets doing nothing but sideways momentum as well.

Here’s an example of what I’m talking about. This is a crap lasting over a month, and it wasn’t even during the accumulation phase, but the parabolic phase.

We can see that BTC goes sideways to sudden movements of parabolic growth and back to sideways. Sideways, frankly, is also much better than a dump in the price after being rejected from a top. Crabs are better than bears. The more that we test a point of resistance, the better chance we have of moving beyond that resistance to a new point of resistance.

At intothecryptocharts, we can see that the current price for BTC is in keeping with the expected log-regression map.

We are on track. Crabbing is to be expected. HODL, and DCA as we continue to move into a new high. BTC remains king. The stable price movement gives us more opportunities to break the current ceiling and move into a new trend zone.