Bitcoin Price Consolidation Sparks Debate Over Potential Drop Below $50K

Bitcoin's price has been in a state of consolidation over the past 25 days, fluctuating between $62,000 and $75,000.

This period coincides with the US-Iran military conflict, which may have contributed to the cryptocurrency's volatility.

Despite this, Bitcoin's price has gained 1.3% in the day following reported peace talks between the rival nations, reaching $70,748 at press time.