A new report from 10x Research highlights that Bitcoin ($BTC ) is currently pushing against the upper boundary of its consolidation range. This isn't happening in a vacuum; macroeconomic catalysts are accumulating, setting the stage for a potential major move.
We're seeing sustained inflows into Bitcoin #ETFs and a continuous decrease in exchange balances, which are collectively putting pressure on central bank decisions. Despite these significant developments, price volatility remains surprisingly subdued.
This quiet period could be the market building serious momentum for a breakout, especially as we enter July, a month historically known for bullish trends in crypto.
What's your take? Is $BTC gearing up for a massive surge, or will this consolidation continue? Share your predictions below!
