Experts Forecast Extended Consolidation for Bitcoin Prices

Glassnode analysts warn of an extended consolidation period for Bitcoin as traders continue to buy during dips, trapped in key price ranges.

According to analysts at Glassnode, Bitcoin appears to be currently mired in a phase of consolidation, hovering around significant cost-basis levels. They suggest that even with active buying from traders who are capitalizing on price drops to the lower range, BTC may face a prolonged period of stabilization.