CandleFocus

Bitcoin Has Been Stuck Trading Sideways After Halving—What's Different This Time?

Bitcoin's prolonged consolidation phase has raised concerns within the crypto community, with Ki Young Ju warning that this could be the longest period of sideways movement in a halving year in Bitcoin's history if a bull market doesn't emerge within the next two weeks. This year has diverged from typical halving year patterns, with Bitcoin failing to see significant price surges despite the decrease in supply. On-chain indicators have also deviated from traditional patterns, suggesting that this cycle may not follow the typical path. Additionally, mixed economic signals and market uncertainty have contributed to Bitcoin's flat trading, with the cryptocurrency currently priced at $61,180.

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