Bitcoin’s Consolidation Phase Is Laying The Groundwork For Its Next Bullish Rally

Quick Summary:

As Bitcoin‘s price continues to fluctuate, determining its next trajectory has become a major discussion within the general cryptocurrency community, with several analysts pointing to various developments that could ignite BTC’s next move, either on the upside or downside.

Even though the digital asset continues to struggle due to macroeconomics and geopolitical turmoil, positive sentiment around BTC continues to hold strong among investors.

According to the analyst, this phase has been a healthy one in the past seven months, even though it has been difficult for new investors and traders trying to navigate the volatility.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: Hungary

Topics: Bitcoin Btcusd Btc Consolidation Phase BTCUSDT PlanC Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 12:30:02 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 447 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22997147

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

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Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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Publisher ID: #105

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