Consolidation weekend. Bears are you right? 🐻

Hey mooers,

Here is some interesting to look at.

Currently Bitcoin is consolidating on the weekend.

The red candle is slowing down and have not touched the 20 MA just yet.

MACD shows a weak trend moving to a death cross while RSI remains above fair value strength.

Outflow overall had shown a major L outflow while XL still remains. Showing bearish signs ahead for bitcoin.

The question is could this be a bear trap like what the bulls said?

If it does we could possibly see a new high above 75k.

Or the bears could be right and the consolidation will crash to 66k and 58k?

What are your thoughts on this?

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Casual social trader and investor. Love to read charts for trade and love to read financial report to invest.

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