#GENIUSAct Continuation of Bitcoin’s consolidation
Bitcoin remains in a consolidation phase as bears thwart the bulls’ attempt to sustain the price above $120,000.
BTC’s rally and the passing of three key pieces of legislation in the US House of Representatives have boosted sentiment in the cryptocurrency sector. That pushed the total cryptocurrency market capitalization to $3.85 trillion on Friday.
Ether (ETH) is leading the altcoins charge higher, signaling the start of an altseason. Although sharp rallies are common during bull markets, traders should be ready for frequent pullbacks during the up move.
