Renowned trading veteran Peter Brandt has reiterated his view that Bitcoin remains entrenched in its consolidation phase. Despite a brief recovery that saw BTC climb back to $61,000, Brandt emphasizes that the cryptocurrency’s current market state reflects ongoing volatility rather than a clear trend reversal.
Bitcoin’s Recent Market Moves
Bitcoin has experienced a modest rebound over the past few days, reaching a high of $61,000 before slipping back below the $60,000 mark.·
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