Bitcoin in ‘pivot zone’ as potential consolidation looms: Analyst

“This week is absolutely critical,” said analyst Willy Woo, who cautioned that more consolidation could be ahead for Bitcoin.

Bitcoin markets could be in for another prolonged period of consolidation if there isn’t more buying pressure this week, says analyst Willy Woo. 

The strength of Bitcoin’s (BTC) run from $75,000 on April 7 to its all-time high just below $112,000 on May 22 “is starting to break down,” Woo wrote to X on May 28. 

“This week is absolutely critical,” he said. “If we do not get follow-through, then we will be up for another consolidation period.”

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