What Happens in Bitcoin Trading after a Consolidation Bitcoin Chart Pattern?

A consolidation cryptocurrency pattern is a bilateral cryptocurrency chart pattern that signals the bitcoin price is taking a break & the buyers and sellers in btcusd trading market are yet to decide on which side the btcusd trading market will move - this shows that there is a tug of war between the two & neither side can gain control of the btcusd trading market.

This consolidation cryptocurrency pattern can continue for some time until eventually one side of the btcusd trading market wins and a new bitcoin trend forms in direction of the market to which the consolidation bitcoin price break out moves to.

If the bitcoin price breaks out to the upwards side then the bitcoin trend is considered to be a bullish upwards trend.

If the bitcoin price breaks out to the downwards side then the bitcoin trend is considered to be a bearish downwards trend.

Traders can decide which side of the consolidation to trade once the bitcoin price breakout happens and not before the bitcoin price break out.