First Mover Asia: Bitcoin Is Ready for a Consolidation Phase

“While we did expect a correction to $25K that didn’t happen, we believe it is still in play. For now, the bulls will want to see Bitcoin respecting $25K and consolidating above that level,” he told CoinDesk in a note. “Given some time with such price action, we may see altcoins starting to rally again. On the flipside, a breakdown of $25K could put the breaks on this rally.”