Bitcoin is currently in an interesting consolidation phase. The price has moved further down from the $74,000 mark and is currently around $73,740. The 24-hour performance shows a small loss of about 1 percent.



What interests me right now: The derivatives data paint a cautious picture. The positioning of the major players suggests that no one really wants to be aggressive. It looks more like waiting than actual selling pressure. The consolidation phase could therefore last a little longer.

Such phases are actually normal after larger movements. The market needs time to breathe. Let's see how long this continues and whether we find new support levels.
BTC0.7%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin