Bitcoin hit a 6 month cycle projection of 57,000. So is this a top or a consolidation?
Don’t know! Watch the channel line now at 45,200. The trend is bullish if that stays intact.
Swing cycle oscillators are on the sell side, but remain in positive territory. That suggests consolidation unless they drop materially below their respective zero lines. If they do, BTC will drop to 35,000 in a heartbeat.