BTC/USD – Into Period Of Correction And Consolidation

The market has enjoyed a nice run since breaking out above a consolidation between Q4 2018 and Q1 2019, though the rally has resulted in extended technical readings after racing through 10K psychological barrier.

The market has enjoyed a nice run since breaking out above a consolidation between Q4 2018 and Q1 2019, though the rally has resulted in extended technical readings after racing through 10k psychological barrier. Overall, look for additional upside to be limited for now, to allow for these technical readings to unwind some more from stretched readings, before the market considers that next meaningful push. Setbacks should ideally be supported ahead of 7,000.

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