Bitcoin Shows Signs of Consolidation After November Decline

CyrilXBT posted on X. Bitcoin (BTC) is currently in a rebuilding phase following the significant downturn experienced in November. The cryptocurrency has managed to reclaim local levels and is maintaining its position above them, indicating the presence of buyers in the market. This situation does not appear to be a distribution phase; rather, it resembles a period of digestion after a sharp movement. The current market fluctuations are considered normal, and as long as Bitcoin remains within this range, it is viewed as a consolidation phase with potential for upward movement, rather than a downturn.