Bitcoin (BTC) continues to hover around the $51,500 mark, showing signs of consolidation ... patterns, particularly ahead of the upcoming block subsidy halving in April. Despite the narrow trading ...

Pattern recognition meant pattern prediction and thus trading profit ... the prolonged rectangle can either be a reversal or consolidation formation. Until there is a breakdown or breakout ...

Related: ‘Most bullish’ weekly close — 5 Things to know in Bitcoin this week Still, according to technical chart patterns and various indicators, Bitcoin’s (BTC) consolidation may be ...

The day’s range is largely contained within the lower half of yesterday’s trading range ... that marks trend support for a tight consolidation pattern from the past couple of weeks.