Bitcoin analysts predict ‘prolonged consolidation’ for BTC price

Bitcoin’s onchain structure “remains fragile,” said Glassnode, warning 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.

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