Bitcoin (BTC) price has been consolidating in a wide range between $76,600 to $87,500 since March 11.
According to technical and onchain indicators, Bitcoin’s consolidation may continue for some time. The key question that remains is when Bitcoin will break out of the current multiweek range.
XRP/USD daily chart. Source: Cointelegraph/TradingView
BTC price must reclaim $90K to end consolidation
Bitcoin may continue consolidating in its current range for a bit longer, particularly if $90,000 is not reclaimed, says one popular crypto analyst.
In a March 23 post on X, market analyst Daan Crypto Trades said:
Since March 11, BTC price action has been “choppy,” failing to produce a streak of green or red candles in the daily timeframe.
Sentiment and momentum will return in favor of bulls once the price retakes the previous range, which sits above $90,000.
If that happens, it “would