The Crypto market is currently in a consolidation phase, not a crash. Consolidation occurs when investors tend to be passive and wait for stronger directional signals after a price decline. Some indicators that indicate a consolidation phase:
• Market capitalization has decreased by $13 billion
• Trading volume is thinning, reinforcing the assumption that market participants are waiting.
• BTC is still holding above $105,000 but remains trapped at the main resistance of $106,265.
Dyor
