What is crypto consolidation?

Consolidation in crypto is when a crypto asset trades between two levels, and the market shows indecisiveness about the next move. A break above or below either level ends the consolidation phase and marks the start of a new trend.

What is a bitcoin consolidation phase?

In these consolidation phases, bitcoin trades within a narrow range, for example, $9 000 to $9 500, which makes it hard to make a significant profit on trades, as volatility is dampened compared to normal phases, where prices could swing much more, for example, $8 000 to $12 000 within 24 hours.

Should you consolidate bitcoin?

Consolidation is worth doing, provided that you do not need to send BTC in the near future. Alternatively, you can consolidate only part of the inputs so that some of the funds remain intact. Bitcoin whales decreased by 23%, the Ripple team introduced a new wallet, the BCH rate increased by 35%.