According to Trader Tardigrade, Bitcoin (BTC) is currently forming a corrective wave pattern within a contracting triangle, which is a classic Elliott Wave triangle variation. This structure is typically observed during wave 4 of the Elliott Wave sequence and is characterized by a steady decrease in both trading volume and market volatility. Traders should note that such technical formations often signal a period of consolidation before a potential breakout. The ongoing decline in volume and volatility suggests limited immediate price action, making risk management and patience crucial for BTC traders at this stage (source: Trader Tardigrade on Twitter, June 13, 2025).

According to Eric Cryptoman, $KEYCAT has been in a sustained consolidation phase since its launch, indicating accumulation and potential reduced volatility. The tweet highlights $1B as the initial price target, suggesting that traders should monitor for breakout signals from this range. Consolidation periods often precede significant price movements in the crypto market, making $KEYCAT a token of interest for momentum and swing traders seeking the next major move. Source: Eric Cryptoman on Twitter.

According to glassnode, BTC supply mapping data indicates robust new demand with the First-Time Buyers RSI consistently at 100 throughout the week, signaling sustained inflows from new participants (source: glassnode, May 12, 2025). However, Momentum Buyers RSI remains low at approximately 11, revealing a lack of aggressive follow-up buying. Additionally, profit takers are increasing, which may suggest heightened selling pressure. If fresh inflows decrease, this combination could result in a period of price consolidation. Traders should monitor on-chain inflow trends and profit-taking activity closely to gauge near-term BTC price action (source: glassnode, May 12, 2025).

According to Michaël van de Poppe (@CryptoMichNL), CWEB is currently consolidating within a defined range, offering traders a period of price stability that often precedes volatility. He highlights that the CWEB chain allows effortless, seamless, and cost-free token swaps, making it an attractive option for active traders seeking low-fee environments. Van de Poppe also notes that CWEB's fully diluted valuation remains relatively low compared to peers, suggesting potential for upward price momentum if trading activity increases. This combination of consolidation, low valuation, and unique chain features positions CWEB as a cryptocurrency to monitor closely for potential breakout and momentum trading opportunities in the coming months (source: @CryptoMichNL, May 4, 2025).