Bitcoin Seesaws Between $59,000 And $60,000, But Consolidation Could Be Over Soon: CryptoQuant
Portfolio Pulse from Murtuza Merchant
Bitcoin is nearing the end of its market consolidation phase, with increased demand suggesting a bullish outlook. Despite recent volatility, Bitcoin's price stability indicates strong market demand, potentially setting the stage for a new bullish phase.
August 20, 2024 | 3:28 pm
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Bitcoin's price stability between $59,000 and $60,000, despite increased transfer volume, suggests strong demand and a potential end to its consolidation phase. This could lead to a bullish breakout.
The article highlights Bitcoin's stable price range and increased demand, indicating the end of its consolidation phase. This suggests a potential bullish breakout, as investors view the current price as an attractive entry point.
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