Bitcoin’s Consolidation Hints at Potential Upside

Bitcoin is currently in a period of consolidation within a bullish macro structure, suggesting potential volatility and upside growth. A megaphone pattern observed on the chart indicates increasing highs and lows, signaling rising volatility. Notably, there are no signs of significant bearish distribution yet, as Bitcoin’s overall structure remains intact with higher lows on the weekly chart and continued support from institutional investors and long-term holders. While some expect a market downturn, current data suggests otherwise. Analysts believe that this consolidation phase may be an indicator of a larger bullish leg in the future.