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Bitcoin has been given some reprieve to trade sideways for a few weeks, but it won’t likely emerge from the woods until the fourth quarter, says crypto analyst Willy Woo.<\/p>\n
Bitcoin investors could finally be taking a break from selling, relieving some downward pressure on Bitcoin \u2014 though months of consolidation will likely lie ahead, says analyst Willy Woo.<\/p>\n
\u201cThis bearish sell-down by investors seems to have exhausted,\u201d said<\/a> Woo on X on Friday. This gives the price \u201ca reprieve to consolidate sideways for maybe a month,\u201d or even a rebound to the mid $70,000 level, \u201cwhich would likely be rejected,\u201d he said.\u00a0<\/p>\n Bitcoin (BTC<\/a>) prices have been range-bound between $60,000 and $70,000 for the past three weeks, and fell below $67,000 briefly in late trading on Thursday.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n