Bitcoin is currently in a consolidation phase within a sideways price range. Analysts believe this movement might be repeating a historical pattern, where Bitcoin cools off on smaller time frames after reaching overbought levels.
According to Josh of Crypto World, there is no indication yet of a significant breakout, suggesting that the price will remain choppy over the next two weeks.
The $68K price point is anticipated to become a critical support level in the near future.
