Bitcoin Market: Are we finally back in accumulation?

Bitcoin hodlers can't keep off their eyes from the market. Bitcoin could be showing early signs of accumulation. Bitcoin. The theory...

Bitcoin hodlers can't keep off their eyes from the market. Bitcoin could be showing early signs of accumulation.

Bitcoin.

The theory of market cycles tells us that the aptly named accumulation phase is the best time to invest in an asset:


Accumulation is typically characterized by a general disinterest in the asset...

... and a flat, sideways price action which results on the market agreeing on a fair price for the asset and providing buy support for that price.


So could it be that we're seeing the first early sign of accumulation in Bitcoin? Is $7700 a fair price for the asset or are we primed to break down from this multi-months bearish pennant to a lower value node:


What say you, traders?

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