Bitcoin ($BTC) has recently experienced a significant bullish rally, surging impressively from a low of $74,000 to a peak of $105,000. Following this strong upward movement, the market is now entering another phase of consolidation. However, what sets this period apart is the possibility that it may persist longer than previous consolidation phases. Currently, Bitcoin appears to be trading within a relatively narrow range, fluctuating between $100,000 and $106,000. This sideways movement could be a sign that the market is gathering momentum for the next big move. Traders and investors should keep a close eye on this range, as prolonged consolidations often precede either a breakout or a reversal.
