Bitcoin (BTC) is consolidating around the $62,000 price level. The asset’s price has seen no changes in the daily charts, but has risen by 5.5% in the 14-day charts. BTC may be entering a sideways trajectory as the downtrend slows down. While the consolidation may bring some relief to investors, we may see increased volatility in the coming days. Let’s discuss why.
Bitcoin Price To Dip After Consolidating At $62,000?
Bitcoin’s (BTC) price climbed to the $82,000 mark in May after the US and Iran held talks for a potential peace deal. The deal, however, did not follow through. The recent re-escalation in the Middle East conflict is the likely reason behind Bitcoin’s (BTC) dip.
Bitcoin (BTC) may face increased volatility in the coming days. Oil prices have surged after the US launched fresh attacks against Iran. The development will likely add pressure on the larger economy. Inflation in the US climbed to 4.2% in May. The Federal Reserve decided to keep interest rates unchanged, but additional economic pressure may lead to a rate hike. Bitcoin (BTC) may take a hit if interest rates are hiked as investors often take less risk when rates are higher.
Bitcoin (BTC) ETFs (Exchange Traded Funds) have also seen diminished action in the last few days. BlackRock sold $180.5 million worth of BTC on July 13, 2026, according to Farside Investors. Retail investors may follow BlackRock’s trajectory, which may create higher selling pressure on the market.
Also Read: US President Trump Calls for the Senate to Pass Crypto Clarity Act
There is one silver lining that may bring some relief. The US may be on the verge of passing the highly anticipated CLARITY Act. The legislation aims to bring more regulatory clarity and investor protection. We may see increased inflows into the cryptocurrency market if the act is passed into law. Bitcoin (BTC) could rally under such circumstances.