Bitcoin’s ‘less aggressive demand’ may lead to months of consolidation: Analysis
Hex37's read
- Bitcoin demand and ETF inflows have weakened significantly.
- BTC is struggling to maintain momentum below the $80,000 level.
- Analysts warn of potential prolonged consolidation or a drop toward $65,000.
What it means for traders
- Expect increased volatility; consider hedging long positions if BTC fails to reclaim $80,000.
- Prepare for a potential retest of $65,000 support if current consolidation breaks downward.
Affected markets
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