Bitcoin's mid-term bullish trend is showing signs of weakening, despite experiencing short-term volatility. According to market analyst Conaldo, Bitcoin has entered a consolidation phase after breaking down from a long-term bullish trendline. The cryptocurrency is currently under pressure from bearish trendlines and recent price declines, with any upward movements considered bear-market rebounds until a clear breakout occurs. Last week's consolidation forecast was confirmed, with price action aligning with predicted levels. Four trades executed during this period resulted in a 2.14% return, and technical indicators suggest new strategies for the upcoming week.
Bitcoin's Mid-Term Bullish Trend Weakens Amid Volatility
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