Bitcoin’s price consolidation looks set to continue as neutral funding rates and macroeconomic uncertainty highlight indecisiveness among traders.
Bitcoin (BTC) price has been consolidating in a wide range between $80,000 to $88,500 since March 12.
Data suggests that Bitcoin’s consolidation may continue for some time, with onchain indicators pointing to the continuation of the “broader downtrend.” The key question that remains is when Bitcoin’s consolidation will end.
BTC/USD daily chart. Source: Cointelegraph/TradingView
