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Pullbacks from 50-62% retracement resistance beginning to bottom

BTC’s long-term profile remains positive
Despite BTC’s volatile swings through 2018 into 2020, the longer-term chart profile remains positive with BTC in narrowing consolidation above its long-term uptrend. Granted, a series of lower highs (12/2018, 06/2019, 2019, 02/2020) remains in place and break below BTC’s 2015-2018 uptrend (7.7-8K) would be an obvious technical concern/problem. However, a break has yet to develop and a move above the 10-11K resistance band would be an important positive technical development establishing a higher high and increase the likelihood BTC is resuming its longer-term uptrend.

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