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Could Bitcoin’s Longest Consolidation Lead to a New All-Time High?

  • Bitcoin is currently experiencing its longest consolidation phase since March, sparking discussions on whether it will break up or down.
  • Experts point to the Wyckoff accumulation phase and the strength of the broader market as indicators of a potential bullish continuation.
  • If Bitcoin stays below the $50,749 level, it may signal a macro distribution and the end of the bull market.
  • Despite uncertainty, the current market setup and expert insights suggest a potential buying opportunity for confident traders.

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