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Bitcoin’s high stakes: Why consolidation is key for BTC to rebound
As the new year dawns, Bitcoin (BTC) investors are left wondering if the recent 4% surge marks a turning point or a temporary reprieve from the tumultuous ride that has been unfolding in the past few weeks. The reality remains stark – economic uncertainty and institutional hesitation have put an unprecedented weight on BTC’s shoulders.
Consolidation is key
In this precarious landscape, consolidation becomes more crucial than ever for Bitcoin to rebound effectively. The recent spike may not be enough to break above $100K yet, but it has undoubtedly created a window of opportunity for the cryptocurrency to reorganize itself before embarking on another leg up.
Source: ambcrypto.com
