Despite favorable market conditions for a bull market, the price of Bitcoin has been consolidating in recent days. Microstrategy Inc. has added another 467 BTC to their holdings, worth approximately $14.4 million, which many analysts believe could lead to a bullish market in the future.
However, there is always the possibility of a black swan event, such as Donald Trump's arraignment, which could have deep implications for the crypto market and Bitcoin. As Bitcoin reaches the end of a 7-month chart pattern, next week could be an interesting one for short-term traders, with potential for profit using the right leverage.
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