Consolidation Continues for Bitcoin as Breakout Fails to Materialize
Bitcoin's recent recovery from late-June lows has failed to generate strong bullish momentum, leaving the cryptocurrency trapped in a broader consolidation.
The price is currently hovering around $65,000, with the rebound lacking conviction as it approaches the overhead supply zone of $65.8K-$66.8K.
This lack of breakout signals limited near-term upside for both crypto markets and Bitcoin's price.