Currently, the situation with Bitcoin and Etheriumom is rather complicated. It was expected that events in Britain would be able to push the pound and ultimately the dollar index to rise or fall, but this did not happen.
We have not left the consolidation zone, and most likely we will not leave in the near future. What does this tell us? This suggests that the current situation is quite stable and the market has found its equilibrium point, in turn we need to determine this point is the bottom or just a temporary bar before the next fall.
In my opinion, this is a profitable zone for purchases, since no analysis provides for a significant drop by several times Bitcoin and Etherium, if we apply a retrospective analysis, then a repeat of the fall is extremely unlikely now.
At the same time, there is a huge potential for growth, as the historical pattern shows us that growth always follows a period of such stability!
In this case, cyclic analysis of Bitcoin and Ethereum is somewhat different, this is probably due to the shorter lifetime of the latter. In general, we can expect growth by the end of the year.
Always in touch news. Project Notm
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