Bitcoin may remain in a consolidation phase in the $80,000 range for some time, according to comments from Cory Swan on bitcoin:native. Swan described the market as "chopping wood in here in the 80s for a little while," signaling expectations for sideways price action rather than an immediate breakout.
The remarks point to a near-term outlook of sustained trading in the current range, with no additional price targets or catalysts specified in the source material.
Cory Swan Says Bitcoin May Stay Range-Bound in the $80,000s
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