Bitcoin Consolidates—When Will the Next Big Move Happen?

Explore the provided link to achieve steady profits in Binance futures trading. Access complimentary Bitcoin trading signals and utilize the Cornix trading Bot for optimal automated trades – https://telegram.me/progrouptraders

Data shows Bitcoin’s price consolidation could continue as neutral funding rates show indecisiveness in the market.

Bitcoin price has been consolidating in a wide range between $76,600 to $87,500 since March 11. 

According to technical and onchain indicators, Bitcoin’s consolidation may continue for some time. The key question that remains is when Bitcoin will break out of the current multiweek range.

Since March 11, BTC price action has been “choppy,” failing to produce a streak of green or red candles in the daily timeframe. 

Sentiment and momentum will return in favor of bulls once the price retakes the previous range, which sits above $90,000.

If that happens, it “would lead to new highs pretty soon.”

Failure to do that will risk a retest the “2024/Summer consolidation” between $73,000 and $74,000, which should at least offer some support.

The setup of the Binance Futures platform is similar to their regular trading exchange, Binance.

Connecting our Cornix trading Bots to your Binance Futures account is quick and easy. It only takes a few minutes to set up, and the good part is, you don't have to give permission for withdrawals to anyone.

Use the Binance Futures Cornix trading Bot to make daily profits.