Bitcoin analysts predict ‘prolonged consolidation’ for BTC price
Bitcoin’s onchain structure “remains fragile,” said Glassnode, which warned of a prolonged consolidation period ahead for BTC price.
Bitcoin (BTC) price could be in for another prolonged period of consolidation if key support levels are not reclaimed, a new analysis reveals.
Key takeaways:
Bitcoin is stuck between key cost-basis levels, predicting 2022-type consolidation unless key support levels are reclaimed.