Bitcoin Price Range to Continue: Analyst Warns Against ‘Long Only’ Bets

Bitcoin is likely facing another period of consolidation, according to Markus Thielen, head of research at 10x Research. Despite optimistic predictions from many crypto analysts for a Bitcoin (BTC) rally exceeding its previous all-time high by June, Thielen suggests a more bearish outlook based on onchain data. He argues that short-term indicators signal a market top rather than an early stage in a bull run.