
Analysts and experts are observing a period of consolidation in the Bitcoin market, with key indicators like funding rate and annualized basis rate being used to predict a potential upcoming surge. Bitcoin has been consolidating for around 70 days, indicating a significant move may be on the horizon. Market expectations are shifting towards stability post-halving, while historical data suggests that a 5-6 month accumulation phase often precedes market shifts. Despite pre-halving hype fizzling out and price stagnation, there are discussions on whether this is a temporary pause or a sign of a larger trend. Technical analysis points to key levels like $63.7K, RSI above 50, and reclaiming certain moving averages as crucial for Bitcoin's next moves.

#Bitcoin is going through a very boring period of consolidation testing investor conviction, but a bottom could be near, analysts say. @sndr_krisztian reports https://t.co/zMst9kIQyH
#Bitcoin Has now been consolidating around its previous all time high for ~9 weeks. In 2013 this took ~12 weeks. In 2017 this took ~9 weeks. https://t.co/ZFwE0MqlBb
Is $BTC 60k going to hold?