Bitcoin is experiencing consolidation over the last few weeks and has been trading in the range of $50,000-$53000 after rallying by nearly 36% since the start of 2024, Shivam Thakral, CEO of BuyUcoin said, adding that Bitcoin has failed to breach the $53,000 resistance. Meanwhile, CoinDCX sees bearishness on the back of the first net outflow from BTC ETF since January 25, 2024.