$$BTC . After a series of gradual increases since the beginning of 2023, Bitcoin is facing a period of price consolidation and sideways trading.

  Despite the prevailing optimism about the possibility of an upward breakout, three major developments are raising investor concerns and casting a shadow over the future of the digital currency.

US Dollar Liquidity Tightness Raises Concerns

The lack of liquidity in the US dollar, the global reserve currency, is one of the most prominent challenges facing financial assets in general, and cryptocurrencies in particular.

The US dollar cash balance held in the Treasury General Account (TGA) has increased from $623 billion to $800 billion in just four weeks, according to data source MacroMicro.#BTCHovers100k