{"id":153066,"date":"2025-03-15T17:00:18","date_gmt":"2025-03-15T15:00:18","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=153066"},"modified":"2025-03-15T14:29:30","modified_gmt":"2025-03-15T12:29:30","slug":"bitcoin-faces-uncertainty-as-analysts-predict-potential-consolidation-and-decline","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-faces-uncertainty-as-analysts-predict-potential-consolidation-and-decline\/","title":{"rendered":"Bitcoin Faces Uncertainty as Analysts Predict Potential Consolidation and Decline"},"content":{"rendered":"

Bitcoin\u2019s<\/a><\/strong> March 2024 peak at around $73,700 was followed by a period of consolidation, where its price fluctuated within a narrower range before shifting again due to external factors like political events.<\/p>\n

In his March 15 market update<\/a><\/strong>, Thielen noted that Bitcoin\u2019s current chart formation suggests market uncertainty. While the “High and Tight Flag” pattern is typically seen as a sign of bullish continuation, its structure, featuring two flags instead of one, weakens its potential.<\/p>\n

This setup points to indecision in the market, with Bitcoin\u2019s future direction remaining unclear.<\/p>\n