BTC potential consolidation phasesPredicting Bitcoin’s (BTC) price movements can be quite challenging due to its inherent volatility and the influence of numerous factors. Consolidation in the context of BTC usually refers to a period where the price moves within a relatively narrow range after a significant trend or volatility, often leading to a buildup of momentum before a potential breakout.
Market Sentiment, Fed's play with rates, upcoming elections, slow down in Institutional Involvement are impacting overall crypto market trend and lead to periods of consolidation.
If BTC does consolidate, it could be a sign of a period where the market is assessing its next move after a significant price change. Observing patterns and market indicators closely can provide better insights into whether consolidation might occur.
