{"id":21548,"date":"2024-05-29T20:00:11","date_gmt":"2024-05-29T17:00:11","guid":{"rendered":"https:\/\/coinengineer.io\/?p=21548"},"modified":"2024-05-29T17:30:48","modified_gmt":"2024-05-29T14:30:48","slug":"bitcoin-consolidation-paves-way-for-new-peaks-according-to-analyst","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-consolidation-paves-way-for-new-peaks-according-to-analyst\/","title":{"rendered":"Bitcoin Consolidation Paves Way for New Peaks, According to Analyst"},"content":{"rendered":"<p>Cryptocurrency analyst Willy Woo has commented on the current state of Bitcoin (BTC).<\/p>\n<p>In an X post dated March 28, Woo analyzed Bitcoin. Stating that the price has been consolidating for about two and a half months, the analyst said that this data is very positive.<\/p>\n<p>He pointed to the <a href=\"https:\/\/coinengineer.net\/blog\/glassnode-founder-bitcoin-could-see-unprecedented-move\/\">Bitcoin<\/a> Macro Oscillator (BMO) chart, stating that the consolidation has created a large playing field for Bitcoin.<\/p>\n<p>Stating that the BMO has descended one level during this consolidation process, Woo emphasized that this indicator has 2-3 levels of upward movement before reaching the macro peak.<\/p>\n<blockquote><p><strong>You might also like\u00a0<a class=\"row-title\" href=\"https:\/\/coinengineer.net\/blog\/wp-admin\/post.php?post=2859&amp;action=edit\" target=\"_blank\" rel=\"noopener\" aria-label=\"\u201cOKX Exchange Registration Procedures and Usage Details!\u201d (Edit)\">OKX Exchange Registration Procedures and Usage Details!<\/a><\/strong><\/p><\/blockquote>\n<p>In line with this data, while implying that the new peak point may be carried to higher prices than expected, the following statements were included in the details of the explanation:<\/p>\n<p>This 2.5-month consolidation under demand for increase was very good for #Bitcoin, which means that the price has more room to move before reaching the peak.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency analyst Willy Woo has commented on the current state of Bitcoin (BTC). In an X post dated March 28, Woo analyzed Bitcoin. Stating that the price has been consolidating for about two and a half months, the analyst said that this data is very positive. He pointed to the Bitcoin Macro Oscillator (BMO) chart,<\/p>\n","protected":false},"author":1,"featured_media":17865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[61,60,509],"class_list":["post-21548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-btc","tag-ripple"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Consolidation Paves Way for New Peaks, According to Analyst - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Cryptocurrency analyst Willy Woo has commented on the current state of Bitcoin (BTC).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-consolidation-paves-way-for-new-peaks-according-to-analyst\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Consolidation Paves Way for New Peaks, According to Analyst - 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