Date: 2025-04-03
Bitcoin (BTC) price has been consolidating in a wide range between $80,000 to $88,500 since March 12. Data suggests that Bitcoin’s consolidation may continue for some time, with onchain indicators pointing to the continuation of the “broader downtrend.” The key question that remains is when Bitcoin’s consolidation will end.BTC/USD daily chart. Source: Cointelegraph/TradingViewBTC funding rates show low chances of a breakoutOne of the clearest signs that there is more choppy price action ahead for Bitcoin is the presence of muted funding rates in the BTC futures markets.Key points:Funding rates are periodic payments made between long and short traders in perpetual futures contracts to keep prices aligned with the spot market.When this metric...
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