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'Very possible' Bitcoin consolidates for 8 months again: 10x Research

10x Research’s head crypto researcher isn’t ruling out Bitcoin repeating its 2024 price action, where it spent the majority of the year consolidating after hitting all-time highs early on.

“Very possible,” Markus Thielen told Cointelegraph when asked what the chances of Bitcoin repeating a similar market movement to 2024. In March 2024, Bitcoin reached an all-time high of $73,679 before entering a consolidation phase, swinging within a range of around $20,000 up until Donald Trump was elected as US president in November.

https://cointelegraph.com/news/bitcoin-consolidation-phase-repeat-2024-price-action-possible-crypto-analyst