Despite recent challenges, the Bitcoin (CRYPTO:BTC) market demonstrates resilience with a daily trading volume of $45.30 billion and a total market value of $1.29 trillion.

However, a notable 6% downturn over the week prompts caution among traders, who closely monitor technical indicators for potential future movements.

Analytical focus shifts to price consolidation phases, essential for understanding Bitcoin's next directional move amidst recent bearish trends.

Investors and analysts adopt a cautious approach, evaluating forthcoming trends amidst Bitcoin's consolidative behavior in response to preceding bearish momentum.