Bitcoin analysts predict ‘prolonged’ consolidation phase for BTC price

Bitcoin analysts predict ‘prolonged’ consolidation phase for BTC price

Glassnode analysts said Bitcoin remains stuck between “key cost-basis levels,” adding that a prolonged consolidation period may lie ahead for BTC even if traders are actively buying dips to the range lows.

bitcoin
Bitcoin (BTC) $ 65,811.00
ethereum
Ethereum (ETH) $ 1,931.76
tether
Tether (USDT) $ 0.999478
bnb
BNB (BNB) $ 609.78
xrp
XRP (XRP) $ 1.37
solana
Solana (SOL) $ 77.92
dogecoin
Dogecoin (DOGE) $ 0.091678
chainlink
Chainlink (LINK) $ 8.35
shiba-inu
Shiba Inu (SHIB) $ 0.000006
nexo
NEXO (NEXO) $ 0.81782
enjincoin
Enjin Coin (ENJ) $ 0.021781
cardano
Cardano (ADA) $ 0.262319