Bitcoin has been moving sideways for about two months now. I am firmly maintaining the stance I shared in February, as I have yet to see any distinct reversal signals strong enough to change my outlook. Bitcoin market situation still appears quite serious. Whether in a bullish or bearish cycle, these sideways consolidation phases are always present. I view the current price action as exactly that nothing more and nothing less. Looking back at the past two months, it seems the market is assigning excessive meaning to short-term fluctuations, leading to the formation of overblown expectations. My perspective remains clear. I am monitoring the price action focusing on two main possibilities whether the market will provide further "bull traps" to fuel more false hope, or whether a move toward the downside will follow in the near future.(mignolet)