BTC is still consolidating.

Since BTC(BTC) price declined below SMA(Simple Moving Average) 365d line, it's been 47 days.

If it fails to surpass and sustain above $100k within next Q1, the crypto market will likely enter a bearish market.

As I previously said SMA 365 d line, the average consolidation period below SMA 365 d line is 62.5 days, and +2σ(sigma) is around 57 days. I hope BTC price movement will be determined soon 🙏