- After challenging its all-time high in November, Bitcoin sold off and has now traded in a range between $35,000 and $47,000.
- For those used to triple-digit percentage moves in BTC, this is peace and quiet.
- While Bitcoin consolidates, we should look ahead to some catalysts that might break it out of its range.
- The most important of these catalysts in my opinion is the Grayscale GBTC ETF conversion, which could allow retail investors to finally have a low-cost, liquid and safe way to invest in BTC on public stock exchanges.
For further details see:
Bitcoin Price Forecast: Grayscale Conversion And Other Catalysts To Watch