Bitcoin is trending lower at spot rates, sliding away from all-time highs. Looking at the performance in the daily chart, it looks like bears are stepping up, following the general inactivity in an overwhelmingly bearish trend. When writing, the coin is down 10% from March 2024 highs but steady. Will Bitcoin Consolidate For Two More Months? Taking to X, one analyst argued that the current state of affairs will likely continue in the days ahead. While most experts predicted Bitcoin prices to rebound sharply, even breaching all-time highs and race to $100,000 after the all-important Halving event on April 20, bears have had the upper hand. So far, the coin is stuck in a broad horizontal range with caps at around $74,000 on the upper end and $56,500, registered in May. Technically, the uptrend remains from a top-down preview following the welcomed push higher in Q1 2024. Related Reading: Double-Whammy For Ethereum: Price Collapses, Exchange Supply Dries Up However, even as traders expect more gains in the days ahead, the analyst said prices will likely stagnate in the next few trading weeks. ..
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