Matrixport: Bitcoin consolidation is expected to continue for 2 to 3 weeks

Matrixport tweeted that Bitcoin’s consolidation is expected to continue for 2 to 3 weeks until new catalytic factors drive price fluctuations. Bitcoin has fallen 3.9% since August, well below the average 0.5% increase over the same period last year. Entering September, seasonal factors are bearish on the daily basis, closing down for four years in the past decade, with an average decline of 2.5%.