TechFlow news, February 6 — According to Cointelegraph citing Bitfinex analysts in their latest market report, Bitcoin may see a "definitive price move" in the coming weeks. The report indicates that since last November, Bitcoin has been trading within a 15% price range, and historical data suggests such consolidation zones of 15-20% typically break out in one direction within 80 to 90 days.
Despite a massive $2.24 billion liquidation across the crypto market on February 3, Bitcoin held its ground at $97,370. Analysts believe that while short-term volatility may persist, the long-term outlook remains optimistic.
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