Bitcoin price drops to new lows, but analysts expect BTC’s consolidation to end within a month.
Since the April 20 Bitcoin halving, Bitcoin (BTC) price has been consolidating in a wide range that extends from $58,000 to $72,000. However, according to technical chart patterns and various indicators, Bitcoin price could be on the verge of a breakout. The key question that remains is when will Bitcoin break out of consolidation?
According to popular crypto analyst Rekt Capital, Bitcoin could potentially break out of consolidation in September.
In a July 30 X post, the analyst wrote,
