Before Bitcoin breaks through its historical high each time, it usually goes through a round of consolidation. The purpose of this stage is to eliminate the shaky funds and excessive leverage in the market.
After all, only when the circulating chips in the market are more stable can it provide stronger momentum for the subsequent rise.
Therefore, hold on to your Bitcoin and do not be disturbed by short-term fluctuations. This month, Bitcoin is expected to create a new historical high again.
