FxPro Analyst: Bitcoin is nearing the bottom of its consolidation range over the past 8 days, a correction may be imminent

Alex Kuptsikevich, senior market analyst at FxPro, said that the price of Bitcoin has fallen below $51,000, close to the bottom of the consolidation range over the past eight days. The price of Bitcoin hardly changed on Monday, consistent with reduced volatility over the weekend. The market may be heading for a correction.