Bitcoin sees 'mother of all consolidations' as $40K BTC price squeeze fails

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Bitcoin sees 'mother of all consolidations' as $40K BTC price squeeze fails
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Another day, another Bart — Bitcoin tries and fails to crack $40,000.

The move, while significant, had nonetheless produced little relief in BTC price action.

"Altcoins are again showing a lot of weakness in the BTC pair, as they are dropping. Bitcoin still consolidating. Not the best signs for the markets, to be honest," Cointelegraph contributor Michaël van de Poppe summarized in his latestBitcoin thus remained practically unmoved on daily timeframes, frustrating a market trapped in a trading range for months.

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