Willy Woo: Bitcoin Enters Consolidation Phase, Correction and Consolidation May Precede Next Breakout

BlockBeats News, July 31st, Cryptocurrency analyst Willy Woo tweeted, saying, "July marks Bitcoin's transition from an upward trend to a consolidation phase. Heightened speculation and profit-taking behavior are suppressing market momentum, indicating that Bitcoin may need a correction or a period of consolidation before attempting the next breakout."