Summary
Matrixport analysts believe that Bitcoin is still in a bullish trend but may need to consolidate due to a declining RSI and high prices. They predict that the bull market will continue after this period of consolidation.
Key Points
1. Matrixport analysts have been bullish on bitcoin since the end of January.
2. The risk-reward analysis currently favors a period of consolidation for bitcoin.
3. The divergence between a declining RSI and still high Bitcoin prices could signal that Bitcoin needs to consolidate before rallying again.