According to on-chain monitoring resource Glassnode, the second month of the year has been a formative period for Bitcoin like no other. by Cole Petersen. So last month Discussing the current state of the Bitcoin. Cryptocurrency market will see crash and then consolidation, Ethereum co-founder says Published Tue, Jan 9 2018 1:19 AM EST Updated Tue, Jan 9 2018 10:20 AM EST Ryan Browne @Ryan_Browne_. More likely, however, is a continuation of the rally towards US$50,000 in the near future already. See Also: A Cryptocurrency, A Big Board Name, And A Penny Stock Look Bullish Going Into The Week Bulls want to see Link jump up over the $39 level to make a cryptocurrency consolidation run back for all-time highs. "Cryptocurrency is a new asset class that is at the foundation of the cryptoeconomy - an entirely new set of financial services, commerce, and global payments that will be built on top of this new. This can happen in a situation when a lot of transactions have been received on your Bitcoin wallet, and when sending funds, the fee becomes significantly higher than average / Why the Future of Cryptocurrency is in Consolidation As traders, we make money by identifying potentially profitable situations in the markets. More likely, however, is a continuation of the rally towards US$50,000 in the near future already The consolidation should find credible support at the 23.6% retracement of the rally from the The entire cryptocurrency market tumbled this weekend due to rumors from unfounded sources. The official source for CryptoCurrency News, Discussion & Analysis..Cole is a cryptocurrency analyst based in Los Angeles. When working with cryptocurrency, each user sooner or later comes across the concept of "consolidation". This time, the candles are a little more wild, not as tight.