Crypto Analysis

Bitcoin remains in a consolidation phase, with price action compressing after the prior directional move. On the hourly chart, the market has been tracking along an upward-sloping trendline that connects the February 12 low to the February 17 low. That trendline has quietly acted as near-term support, helping to steady price during recent pullbacks. Today,…

The price of Bitcoin has been in a consolidation phase since rebounding from the February 6th low near $59,930. After the sharp decline from the January 28th high near $90,352, the market managed to recover approximately 38.2% of that prior drop — a key Fibonacci retracement level that often acts as resistance in corrective bounces….