Bitfinex Alpha analysts predict Bitcoin’s price could enter a consolidation phase in the near term. They attribute this possibility to the absence of significant forthcoming catalysts stemming from global economics or cryptocurrency regulation.
This outlook arrives even after Bitcoin demonstrated robust performance during the second quarter of last year, recording a substantial gain of 29.79%.
Market participants are encouraged to remain vigilant and consistently monitor cryptocurrency news developments. Staying informed on market dynamics remains crucial for navigating potential periods of sideways price action effectively.