{"id":153057,"date":"2025-03-15T19:00:33","date_gmt":"2025-03-15T17:00:33","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=153057"},"modified":"2025-03-15T14:05:50","modified_gmt":"2025-03-15T12:05:50","slug":"bitcoins-market-uncertainty-will-it-repeat-2024s-price-consolidation","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoins-market-uncertainty-will-it-repeat-2024s-price-consolidation\/","title":{"rendered":"Bitcoin’s Market Uncertainty: Will It Repeat 2024’s Price Consolidation?"},"content":{"rendered":"

Thielen acknowledged<\/a><\/strong> the likelihood of Bitcoin<\/a><\/strong> undergoing a similar price pattern, where after peaking in early 2024 at nearly $74,000, the asset saw a period of stabilization before a shift in market dynamics in November.<\/p>\n

Thielen’s analysis also pointed to Bitcoin\u2019s current chart formation, which resembles a \u201cHigh and Tight Flag\u201d pattern, traditionally seen as a bullish continuation.<\/p>\n

However, the chart shows signs of weakness due to multiple flags instead of a single one, signaling hesitation in the market and diminishing the pattern’s usual bullish indication. This uncertainty is further underscored by Bitcoin\u2019s failure to inspire a “buy-the-dip” mentality among investors, with many seemingly uninterested in seizing recent price declines.<\/p>\n