Data shows Bitcoin’s price consolidation could continue as neutral funding rates show indecisiveness in the market.
Bitcoin (BTC) price has been consolidating in a wide range between $76,600 to $87,500 since March 11.
According to technical and onchain indicators, Bitcoin’s consolidation may continue for some time. The key question that remains is when Bitcoin will break out of the current multiweek range.
XRP/USD daily chart. Source: Cointelegraph/TradingView
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