Bitcoin Consolidates, Potential Breakout Looms: What’s Next for BTC?

Bitcoin’s price has been steadily climbing, surpassing key support levels. The cryptocurrency is currently consolidating above both the 50 and 200-day EMAs, signaling potential breakout activity in the near term. This bullish movement comes as a whale withdrew a significant amount of Bitcoin from OKX, impacting liquidity, but creating a new wave of momentum for the market. Analysts are watching closely to see if this trend will continue or if a reversal is coming.