Bitcoin bulls are failing to revive a strong rebound as the price levels remain stuck along the crucial support range.
The historical data suggests the price must start with a healthy upswing and further transform into a strong bull run in the next 15 days; otherwise, the token could enter a prolonged consolidation phase.
The CEO of CryptoQuant predicts that the bull markets should begin within the next 14 days based on historical trends, but a divergence from the pattern is possible.
Market participants may be uncertain due to upcoming US elections, with a potential bull run expected post-elections.