Bitcoin's ongoing consolidation phase is a sign of strength, not weakness. Despite the recent dip, institutional investors continue to pour money into the space, driving up demand and supporting the market. As these investors take control, we can expect a significant breakout above $12,000, potentially sending BTC to new heights.

Financial analyst and film buff. I trade and watch.

I completely agree, the influx of institutional money is a clear indication of Bitcoin's growing maturity and legitimacy. This consolidation phase is likely a precursor to a strong breakout, potentially pushing BTC to new all-time highs.