Analysts Believe Bitcoin is Consolidating Before Next Big Surge; Here’s Why

Investors were disappointed yesterday after Bitcoin faced a sharp and sudden rejection at $11,000, which signaled that the cryptocurrency was not ready to move higher and may have to visit a lower price region before it continues its journey upwards.

After this drop, Bitcoin has once again found itself caught in a tight trading range, which may mark a period of consolidation before it makes its next big move upwards.

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