Bitcoin post-halving price consolidation could last 2 months, says Bitfinex

According to analysts at cryptocurrency exchange Bitfinex, Bitcoin could experience up to two months of price consolidation following the halving. The latest edition of the Bitfinex Alpha market reportnotes that Bitcoin (BTC) could continue to be the price action benchmark for the crypto market in May and the leading indicator for the entire cryptocurrency market cap. According to the report, the macroeconomic environment is more resilient than in previous years and the likelihood of rate cuts remains low in the …