How long will Bitcoin's price consolidation last?
Bitcoin price fell to new lows, but analysts expect BTC’s consolidation period to end within a month.
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Bitcoin price fell to new lows, but analysts expect BTC’s consolidation period to end within a month.
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Cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, faced a decline on Tuesday evening as the much-anticipated "Santa rally" failed to materialize, disappointing bullish expectations within the Bitcoin market.
The transfers from Bitfinex to Alameda’s consolidation address have raised questions about the relationship between both firms.
A report from CoinShares said that “greater transparency” surrounding the merger has driven institutional money into ethereum products.
Multiple indicators and on-chain metrics reflect confluence pointing to an improving market, but technical analysis still raises the possibility of Bitcoin dropping to new yearly lows.