Bitcoin in Consolidation Stage: What's Next?

What's next, you may ask? Well, Bitcoin is currently in a consolidation phase, and despite some concerns, there's no need to panic just yet. We're still trading around local highs, and that's perfectly normal. However, there's a chance that we may see a test at $26k, so keep that in mind.

Now, let's talk about Bitcoin's recent significant growth. It only makes sense to transition to a consolidation phase, even if it has a descending structure, given the recent surge. The good news is that this could benefit the alt-market.

Remember when altcoins were thriving during Bitcoin's previous rise, despite the latter being at the bottom of its trading range, far from its highs? The same could happen now during the consolidation phase, leading to a shift in funds from Bitcoin to altcoins.

However, before this shift occurs, we could witness a "Red Monday," especially before the Federal Reserve meeting. If the outcome is positive, pressure may be exerted on the market, causing a downturn, as many investors would want to secure their profits before the important event.

Let's not forget that there will be several million units of fresh liquidity (Arbitrum drop) entering the market soon. This is undoubtedly a plus for Arbitrum's ecosystem projects and Ethereum as a whole. So, what's next? It's anyone's guess, but these factors are definitely worth keeping in mind.