#TrumpBitcoinEmpire
Traders expect a drop in the price of BTC to 115,000 dollars.
Bitcoin can still surpass all-time highs, but doubts arise about how quickly bulls can overcome the last phase of consolidation below USD 120,000.
Key points:
The momentum of the Bitcoin market is slowing down after its all-time highs, but investors are not wasting time adjusting to range conditions.
Profitability has "cooled down," says Glassnode, but new gains are still possible.
Traders anticipate a liquidity accumulation at USD 115,000 in the face of a drop in the price of BTC.
Bitcoin BTC 101,243 € is in a "healthy but fragile balance," as the consolidation of BTC's price causes a drop in profits.
In its latest "Market Pulse" published on Monday, the on-chain analysis company Glassnode warned that new gains may not occur in the short term.
Bitcoin is experiencing a prolonged consolidation.
Bitcoin is taking a reasonable breather after its rise to new all-time highs, but market changes indicate that another phase of prolonged consolidation could occur.
Glassnode reveals several signs that investors are readjusting to the behavior of BTC's price, which remains within a range.