Bitcoin (BTC) faces a mix of bullish signals and short-term uncertainty. The recent downgrade of the United States' credit rating by Moody's has increased long-term bullish sentiment around Bitcoin, reinforcing its role as a hedge against rising debt and financial uncertainty.
At the same time, on-chain data shows a decrease in Bitcoin supply on exchanges, indicating that investors tend to hold rather than sell. Despite these bullish fundamentals, BTC is still in a short-term consolidation phase, as price movement needs new momentum to rise.
