Crypto:
30251
Bitcoin:
$66.230
% 0.81
BTC Dominance:
%54.5
% 0.21
Market Cap:
$2.38 T
% 1.77
Fear & Greed:
74 / 100
Bitcoin:
$ 66.230
BTC Dominance:
% 54.5
Market Cap:
$2.38 T

Bitcoin Consolidation Paves Way for New Peaks, According to Analyst

Bitcoin, Bitcoin Halving, Btc

Cryptocurrency analyst Willy Woo has commented on the current state of Bitcoin (BTC).

In an X post dated March 28, Woo analyzed Bitcoin. Stating that the price has been consolidating for about two and a half months, the analyst said that this data is very positive.

He pointed to the Bitcoin Macro Oscillator (BMO) chart, stating that the consolidation has created a large playing field for Bitcoin.

Stating that the BMO has descended one level during this consolidation process, Woo emphasized that this indicator has 2-3 levels of upward movement before reaching the macro peak.

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In line with this data, while implying that the new peak point may be carried to higher prices than expected, the following statements were included in the details of the explanation:

This 2.5-month consolidation under demand for increase was very good for #Bitcoin, which means that the price has more room to move before reaching the peak.

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