Bitcoin May Be Entering A Critical Consolidation Phase

[ed]

Several analysts now believe Bitcoin is approaching an important inflection point after failing to maintain momentum above $80,000. According to Glassnode, Bitcoin recently reclaimed its “true market mean,” a key long term pricing model that historically separates bear market conditions from stronger bullish phases.

However, reclaiming the level alone is not enough to confirm a new bull cycle. Previous market recoveries often required months of sideways consolidation before sustainable upside continuation emerged. If Bitcoin cannot establish stronger support above the current range, analysts warn the recent rally could eventually resemble another temporary bear market rebound rather than the beginning of a full long term breakout.

[mendez]

every crypto rally eventually reaches the phase where analysts say this is either the start of a bull market

[mendez]

or a giant fakeout