(BTC() Most major altcoins are also available. During the holidays, it is relatively peacefulAll day from Good Friday. It is evident that traders in cryptocurrency aren’t placing large bets at the time the US equity markets are closed. That could be because of the tight correlation between Bitcoin and the S&P 500 and the uncertainty about the equity market’s performance in the next week.

Analysts expect Bitcoin to experience weakness over the next few months, but others think that Bitcoin might be going through a phase of consolidation. Its upside makes up a significant portion.In the fourth-year cycle of halving. Josh Olszewicz, head of research at alternative asset management firm Valkyrie, said: “Interesting. Maybe we never got the blow-off top…because it hasn’t happened yet.”