Bitcoin analysts predict ‘prolonged' consolidation phase for BTC price

Glassnode analysts said Bitcoin remains stuck between “key cost-basis levels,” adding that a prolonged consolidation period may lie ahead for BTC BTC - $70303.289 even if traders are actively buying dips to the range lows.

Source: cointelegraph.com

Related symbols: BTCUSD

2026-02-12 17:58:01 GMT.

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Price & Market Data

Price: $70303.289

Volume 24h: $39,722,965,196.07

Market Cap: $1,405,343,407,342.00

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,989,653. The last known price of Bitcoin is 70,458.69198347 USD and is up 1.13 over the last 24 hours. It is currently trading on 12561 active market(s) with $41,217,002,270.97 traded over the last 24 hours. More information can be found at https://bitcoin.org/.