Bitcoin’s price has been consolidating within a narrow range, as long-term investors (hodlers) remain undeterred and new buyers are not yet entering the market.
This consolidation could be a sign that the market is preparing for a breakout, either to the upside or to the downside. However, it is also possible that the market will remain range-bound for an extended period of time.
Only time will tell what the future holds for Bitcoin. However, one thing is for sure: the hodlers are here to stay