Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K

[newshunter]

Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K

Analysts say the entire crypto market is in for a very long consolidation and accumulation period following BTC’s current drop to 2017 highs.

Source: Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K

Would appreciate your opinion about this

[cheezcarls]

Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K

<p style="float:right; margin:0 0 10px 15px; width:240px;"></p><p>Analysts say the entire crypto market is in for a very long consolidation and accumulation period following BTC’s current drop to 2017 highs. </p>

Source: Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K

Would appreciate your opinion about this

And it currently broke the $20k support level and goes down to as much as $18,800 before hanging around $19.3k+ now. I have a feeling that it might be staying at this range for a long while before we could finally see a relief of recovery. I am not expecting a huge bull run in the final quarter of this year, but who knows I could be wrong.