Sentences with phrase «consolidation phase following»
Crypto assets are in a broad consolidation phase following China's regulatory attack on initial coin offerings (ICOs) and cryptocurrency exchanges.
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The coin remains well inside the rising long - term trend, but we suggest to reduce their long positions near the $ 58 - 60 zone, as a more pronounced consolidation phase could follow the 90 % rally since the break - out at $ 32.
Depending on how things turn out following the halving, Lingham projects bitcoin could enter a «longer term (3 - 6 month) consolidation phase» following halving day where it seeks «a new price floor with high volatility» that he guesses could be «in the $ 400 - $ 500 range».