BTC is currently hovering just below the $61,000 mark and appears to be consolidating before its next significant move. Since reaching a high of around $73,000 in March 2024, BTC has been trading within a rising channel on the logarithmic weekly charts since November 2022. History suggests that a substantial liquidity sell-off may precede the next push to new all-time highs, based on patterns observed during past halving events.
While the current price range of $60,000 to $70,000 could see continued consolidation, a sell-off may be necessary for a sustained upward trend. Institutional players, including banks, often drive prices higher...