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Willy Woo: Bitcoin Enters Consolidation Phase, Correction and Consolidation May Precede Next Breakout
By: theblockbeats.news|2025/07/31 13:32:21
BlockBeats News, July 31st, Cryptocurrency analyst Willy Woo tweeted, saying, "July marks Bitcoin's transition from an upward trend to a consolidation phase. Heightened speculation and profit-taking behavior are suppressing market momentum, indicating that Bitcoin may need a correction or a period of consolidation before attempting the next breakout."
The key inflation indicator in the United States is rising, while consumer spending is nearly stagnant.
The US Dollar Index (DXY) rose for the first time since May 29, hitting 100.
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