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Bitcoin\u2019s consolidation will give \u201cthe market time to digest recent gains\u201d before entering a new upward trend, Derive founder Nick Forster tells Cointelegraph.<\/p>\n
Bitcoin could enter a period of sideways movement following a court decision on US President Donald Trump\u2019s tariffs, but that\u2019s not necessarily a bearish signal, according to a crypto analyst.<\/p>\n
\u201cWhile the recent surge to over $111,000 was notable, the current price action suggests a phase of consolidation rather than an imminent breakout,\u201d onchain options protocol Derive founder Nick Forster told Cointelegraph.<\/p>\n
Forster argued that a consolidation phase could be \u201ca healthy pause\u201d before another \u201csignificant upward movement.\u201d He said that this pause will give \u201cthe market time to digest recent gains and gear up for the next phase.\u201d\u00a0<\/p>\n
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