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Bankless co-founder: Bitcoin may have entered a sideways consolidation phase, with the bottom likely already formed

2026-07-16 23:27:00

David Hoffman, co-founder of Bankless, stated that Bitcoin's current trend faces two possible paths: sideways consolidation or a final round of panic selling.

He believes that Bitcoin is more likely to enter a sideways consolidation phase, with the bottom having basically appeared.

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