Bitcoin Stalls: Consolidation or Calm Before the Storm? 🍃🔥
#Bitcoin seems stuck in neutral, continuing its sideways movement. While this may feel uneventful, consolidation periods can be crucial for future price action. Here's what we're watching:
Support Test Incoming: Analysts anticipate a potential retest of the $64,500-$65,000 support zone. How $BTC reacts at this level could be a key indicator of the next directional move.
Accumulation Phase? Some view this sideways movement as an opportunity for accumulation, potentially by long-term holders anticipating a future breakout.
Be Prepared: Having some spare USDT ready could allow you to capitalize on a potential dip in the price.
#bitcoinnewsupdate $BTC