Bitcoin Is Consolidating — The Next Leg Higher Is Coming

Bitcoin at $85K

After the huge breakout above $82–83K, we’re now seeing some sideways consolidation and that’s completely fine.

Bitcoin has been trading around $85K for about a week now. Meanwhile, plenty of investors are still sitting on the sidelines, waiting for those $50K or even $40K levels that, in my view, simply won’t happen. The bottom is in.

Now we’re waiting for the next ignition to push Bitcoin through $90K and back into six-digit territory. That could still happen this year, once the midterm uncertainty clears up and the Iran situation gets resolved. Until then, stay patient.

Keep hodling. We’re going higher.