After experiencing a significant downward move that brought Bitcoin's price quickly close to the $25K threshold, bearish momentum has temporarily
After experiencing a significant downward move that brought Bitcoin’s price quickly close to the $25K threshold, bearish momentum has temporarily subsided, giving way to a phase of consolidation marked by low volatility.
However, after finding support in the vicinity of the $25K region, the price has entered a consolidation phase characterized by the formation of smaller candles. Nevertheless, it’s essential to acknowledge the lingering risk of increased selling pressure and the potential for another decline below the $25K mark. Hence, traders should maintain an attentive watch on price action around this crucial level to mitigate further losses.Zooming in on the 4-hour timeframe, it can be observed that the downward trajectory came to a halt as Bitcoin reached the vital support zone at $25K, triggering a brief period of consolidation characterized by subdued volatility.
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