<ul><li>10x Research's head crypto researcher, Markus Thielen, believes it is 'very possible' that Bitcoin could consolidate for 8 months again, similar to its price action in 2024.</li><li>Thielen points out that Bitcoin's current chart signals market indecision and resembles a 'High and Tight Flag' pattern, indicating weakness.</li><li>The spot Bitcoin exchange-traded fund (ETF) market shows no signs of a 'buy-the-dip' mentality, with little incentive to take advantage of Bitcoin's recent price dip.</li><li>Bitcoin is currently trading at $84,290, representing a 23% decline from its January all-time high of $109,000.</li></ul>

'Very possible' Bitcoin consolidates for 8 months again: 10x Research

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