Bitcoin’s consolidation is ‘normal’ — Analysts set $80K BTC price target

Bitcoin (BTC) bulls are still hoping for a major breakout but at the moment, bears are applying pressure and keeping the digital asset pinned below $61,000. 

Data from Cointelegraph Markets Pro and TradingView shows that an early morning breakout by bulls to make a run above $62,000 was met with a strong defensive line from the bears who handily rejected the attempt.

BTC/USDT 4-hour chart. Source: TradingView

Here’s a look at what traders and analysts are saying about Bitcoin’s current…


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