Bitcoin has entered what appears to be yet another consolidation phase within the lower -$9,000 and back to -$9,000 region. The crypto is struggling to garner any momentum as its buyers and sellers both reach an impasse following its recent decline.
It now appears that the crypto could be gearing up for a massive movement in the days and week ahead, as it is fast...
The bitcoin price, which had found a temporary floor of just over $9500-$9800 per bitcoin late last week, Is sinking low to $9190.
However, fear is arguably a more dominant emotion than greed at the moment, because even with the stimulus, traders are still ready to dive into bitcoin market.