Bitcoin fell slightly short of $51,100 as investors took profit and set the stage for a period of consolidation. Bitcoin has increased over 70% since bottoming out in July and has done so in a relatively short amount of time. Is it time for the king crypto to enter into a healthy cool-off period?Let\u2019s dig in.Litecoin is a household crypto name that has been around for more than ten years. It was first created in 2011 by Charlie Lee as an attempted upgrade to Bitcoin and since then, has been a major beneficiary of Bitcoin\u2019s global success, gaining credibility and a highly liquid market \u2014 all the while maintaining a top 10 position on crypto ranking sites like Coingecko.Check out the full article here!Bitcoin witnessed a rejection after an attempt to reclaim $51,000 \u2014 the top of a key long-term resistance zone which coincides with the .618 Fib level. Investors took profit and set the stage for bitcoin to enter into corrective territory shortly thereafter.However, at the time of writing, bitcoin exchanges hand at $47,650 and have yet to set a lower low, rendering expectations for a broader market downturn potentially premature. On lower time-frames, Bitcoin is showing signs of a reversal that could take the coin back to $51,000 and beyond.Specifically, as the price trends lower, the relative strength index on the one-hour chart is showing signs of bullishly divergent momentum. This is a similar situation described in the telegram channel, prices consolidate lower only to be bought up shortly after. As noted in the channel, this outcome is still a possibility. In order for it to have a high-probability outcome, BTC\/USD would need to close above $48,100 during intra-day trading. Another possibility is for bitcoin to grind lower within the falling wedge, setting the stage for MTF (4-hour)\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Bitcoin fell slightly short of $51,100 as investors took profit and set the stage for a period of consolidation. Bitcoin has increased over 70% since bottoming [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/5211"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=5211"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/5211\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=5211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=5211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=5211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}