Bankless Co-Founder David Hoffman: Bitcoin Likely Entering Consolidation Phase, Bottom Essentially in Place

BTC-0.92%
According to BlockBeats, on July 16, David Hoffman, co-founder of Bankless, stated that Bitcoin is likely entering a consolidation phase with the bottom essentially in place. Hoffman identified two possible paths for Bitcoin's near-term trajectory: either further consolidation or one final panic selloff, but he believes consolidation is the more probable outcome.
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