How long will Bitcoin’s price consolidation last?
Bitcoin’s price consolidation looks set to continue as neutral funding rates and macroeconomic uncertainty highlight indecisiveness among traders.
Bitcoin (BTC) price has been consolidating in a wide range between $80,000 to $88,500 since March 12.
Data suggests that Bitcoin’s consolidation may continue for some time, with onchain indicators pointing to the continuation of the “broader downtrend.” The key question that remains is when Bitcoin’s consolidation will end.
BTC/USD daily chart. Source: Cointelegraph/TradingView
Read more
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
If you want to read more News articles, you can visit our General category.
