Bitcoin’s $80K consolidation could end within days as macro events approach, ARP Digital says
· price · Sentiment: neutral
Bitcoin has likely concluded its bear market in June according to Galaxy Research, with accumulation now underway amid a period of consolidation around the $80,000 level. ARP Digital expects this consolidation phase to resolve within days as several key macroeconomic events loom. While prices for BTC and other major assets have seen short-term drops, the broader consensus points to an imminent breakout from the current range with significant upside potential once macro catalysts clarify. The key implication is that Bitcoin is transitioning from accumulation to a new expansion phase, with macro developments acting as the primary near-term trigger.