$BTC Whales Push Bitcoin Into Narrow Consolidation Range: What To Expect Next

Analysts believe major Bitcoin stakeholders are influencing the cryptocurrency's price movements by strategically adjusting liquidity levels. This suggests a potential compression of Bitcoin's price range into a tighter band.

While the long-term outlook remains bullish, analysts are divided on the near-term trajectory. Technically, Bitcoin has struggled to confirm a bullish breakout above $69,000. However, order book data suggests potential support around $65,000-$66,000.

The key question is whether buyers can muster enough force to overcome the selling pressure and propel Bitcoin towards a new all-time high.