Bitcoin is now trading in its “longest” consolidation period, but the longer the consolidation, the “larger the expansion,” according to traders.
Bitcoin (BTC) has been in its longest period of consolidation now for 92 days and counting, and analysts believe the extended steadiness could be setting the asset up for a “massive upside rally.”
“Generally, the longer a consolidation, the larger the expansion afterward,” pseudonymous crypto trader Daan Crypto Trades wrote in a June 11 X post.
“Out of all consolidations, the current one is the longest,” Mags told their 79,500 X followers on a June 9 post.
