Bitcoin Price Consolidates After Surge; Analyst Sees Possible Period of Ranging

Bitcoin's recent price action from $25k to $74k is similar to the 2019 "fakeout" rally where BTC surged 300% then consolidated for months
Analyst Jason Pizzino believes BTC may consolidate between $50k-$70k for some time before the next major bull market phase
Pizzino is watching key rejection levels at $59k, $67k, and $69k (the old ATH) to determine Bitcoin's short-term trajectory
A rejection at $67k-$69k could spark increased bearish emotions and a retest of $60k, allowing more consolidation time
Bitcoin is currently trading around $63k, down over 3% in the last 24 hours