Bitcoin Price Consolidation Continues – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides


The below is an excerpt from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

Over the recent six weeks, bitcoin has been heavily consolidating in the $30,000-$40,000 level. Many have been left to ask: Is bitcoin in a bull market, a bear market, or neither?

The truth is: somewhat all three? Bitcoin is in a secular bull market, with entire countries adopting the asset, and with Wall Street and institutional money slowly but surely getting involved.

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