Since the launch of a bitcoin exchange-traded fund earlier this year, bitcoin has recovered and even surpassed its all-time highs set during the 2021 bull run. But for weeks, it looked like the largest cryptocurrency was trading sideways at best.
This is how the market works, market has to face accumulation and distribution and consolidation in another terms, When you see that the market is moving sideways, it means the market market is currently taking orders Buy/sell orders and after that what will happen next is expansion in the direction of demand or supply, depending on the side that has greater market bid , Bitcoin is preparing its way for possibility another explosion to the up side and the longer it takes, more massive the movement would become.