๐ข ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ฏ๐ฒ๐ฎ๐ฟ๐ ๐ฎ๐ฟ๐ฒ ๐ป๐ผ๐ ๐ฟ๐ฒ๐ฎ๐ฑ๐ ๐ณ๐ผ๐ฟ ๐๐ต๐ถ๐!๐ข
It's surprising how many have turned bearish and are calling for Bitcoin cycle top, despite the price holding above all key levels and is trading only 8% below its ATH.
In bull markets, periods of sideways price action are very normal, where the price consolidates for a few months before moving higher.
Many confuse this consolidation with distribution, attempting to time the top, and end up selling too early or staying on the sidelines.
After each Bitcoin halving, we've seen similar consolidations before the price pumps higher and reaches its peak.
