Bitcoin price stuck in ‘extended consolidation phase’ due to drop in capital inflows — Report – Cointelegraph

Bitcoin’s price has been stagnant in what experts are calling an “extended consolidation phase” due to a decrease in capital inflows, according to a recent report by Cointelegraph. This lack of new money entering the market has resulted in the cryptocurrency’s value remaining relatively stable. Bitcoin investors are eagerly awaiting a breakthrough in this period of consolidation, as it may indicate a new trend in the market. Analysts are closely monitoring the situation and predicting potential price movements in the near future.