Bitcoin’s Consolidation Builds Bullish Momentum Ahead of Potential Rally

Bitcoin has been trading within a tight range between $93,000 and $95,000 since April 25th, leading to an anticipated upward movement. Analysts believe this consolidation phase signals a bullish trend for the cryptocurrency. FXPro analyst Alex Kuptsikevich commented on this, stating that prolonged consolidation often signifies market optimism about potential price increases. He predicts a strong catalyst could be Friday’s U.S. non-farm payroll and unemployment data.