Foreign media: CNBC reports that chart analysts believe Bitcoin is showing signs of bottoming out after a period of consolidation. The report notes that recent market volatility has narrowed, but some technical signals suggest that selling pressure may be easing.
Price performance during consolidation
Bitcoin has been trading within a range recently, failing to break through previous highs or continue its rapid decline. Analysts believe that the current price action is more likely a consolidation of previous volatility than a continuation of a one-sided downward trend.
Signals that analysts are paying attention to
The report did not offer a single conclusion, but instead cited chart analysts' observations of trading volume, volatility, and price structure. Its core view was that if the consolidation continues to narrow, the market may complete a round of consolidation before deciding on its next direction.
The market is still waiting for confirmation.
Despite mentioning signs of a bottom, the report also emphasized that Bitcoin is currently in a consolidation phase. Whether the price has truly strengthened in the short term depends on whether a clearer breakout or pullback occurs subsequently.
