The Bitcoin price has been unable to reach the $70,000 mark, with traders showing a bearish sentiment. As a result, Bitcoin is currently consolidating tightly within a specific range. The likelihood of a significant breakout in the short term seems minimal according to the current market conditions.
Despite this tight consolidation, experts believe that the volatility of Bitcoin is expected to increase over the next 48 hours. This prediction suggests that important movements in Bitcoin's price could happen over the weekend.
Market analysts suggest that traders should be cautious and prepared for any unexpected price changes. The volatile nature of Bitcoin means that shifts can occur swiftly, impacting the price drastically. Being informed and ready is crucial for market participants at this time.
