BTC consolidates above $70,000: Is a new rally on the horizon?
Bitcoin has managed to consolidate above the $70,000 level, marking a phase of stability after weeks of volatility. Analysts point to factors such as the upcoming halving, institutional demand, and the decrease of BTC on exchanges as signs of a possible new rally. Meanwhile, the overall market sentiment remains optimistic, with more and more investors viewing BTC as a reserve asset. This accumulation phase may be a great opportunity for those thinking long-term.
