From a TA standpoint (i'm a noob with a background in music but i've been studying and doing paper trades for years now). Bitcoin has been consolidating for a few months after a pullback from a 1 year high.
the high that the real pull back started from was in 2017 and the high was at $20k which was a bubble. so the bubble burst and the consolidation occurred for the following months and lasted upto 12 months (until 2019) and this year there was no consolidation anymore. it was just accumulation, then a big 250% rise and now the correction of it with some panic is what we have.