#BTC is still trading sideways despite recent news.
Yesterday’s headlines were received with a moderately negative reaction from the market . We saw a brief dip attempt, but the price has since recovered.
It’s clear that Bitcoin’s consolidation phase is ongoing , with the main trading range still holding between approximately $116,500 and $120,250.
We’re seeing a setup where large clusters of liquidation levels have accumulated outside this sideways range. I believe the price will start triggering those liquidations one by one, gradually expanding the consolidation zone .
