The bitcoin markets have barely moved over the past 24 hours as indecision has gripped the market while at the same time the technicals remain highly mixed which is a recipe for more sideways consolidation over the coming days.

IOTABTC continues to consolidate inside of the OTE long zone

The technicals continue to lead the bitcoin markets sideways and appear to be pointing to yet more consolidation before a resolution...

The breakout from the bullish pennant late last week sparked a continuation higher

Despite the spike higher earlier this week in XRPBTC we can see that the move barely registered on the weekly chart below and has in fact turned the current candle formation quite bearish

The LTCBTC weekly chart is confirming the strength that we have been discussing on the shorter-term charts for awhile given a bright green SCMR signal has emerged on a bullish candle formation