BTC Consolidation Near Bear Low May Spark 2-4% Monthly Rally

BTC trades in consolidation near bear market lows. Analyst predicts potential 2-4% upward reaction at month start, though downside risk below $57,000 remains possible.

Woofun AI notes that BTC remains within a consolidation range, currently positioned near bear market lows. Crypto analyst Killa indicated that a developing bearish narrative may trigger an upward reaction of 2% to 4% as the new monthly cycle begins.

Two scenarios are outlined: a further decline breaking below $57,000 to complete the final pullback, or an upward breakout continuing the range-bound trend. While leaning toward the initial rally, the analyst maintains that continued downside cannot be ruled out.