
AiCoin|Jun 03, 2025 02:45
📢 Attention! Bitcoin may be entering a period of consolidation. Here are some signals to watch:
1️⃣ Price remains above key moving averages, but momentum is slowing: It’s trading above the 50-day and 200-day moving averages, while flattening and entangled with the 20-day line.
2️⃣ Bollinger Bands are contracting sharply 📉—a classic sign before a consolidation phase!
3️⃣ RSI is around 50 🌀—indicating a balance between buying and selling pressure.
4️⃣ After a MACD bearish crossover, it seems to be turning upward ↗️—there’s a good chance it could rally again after this consolidation!
What other consolidation signals have you noticed? Let’s talk in the comments below! 👇#Bitcoin #BTC #Crypto #MACD
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