**Bitcoin on the Brink: Major Move Expected Amid Market Speculation**

Bitcoin's price is consolidating around $61,920, signaling a significant move ahead, says crypto trader Daan Crypto Trades. The direction remains uncertain, with potential catalysts being further US Federal Reserve rate cuts or the US government selling seized Silk Road Bitcoin.

- **Rate Cuts:** The Fed's recent 50 basis points cut and anticipated further cuts could boost crypto as safer investments become less appealing.

- **Silk Road Bitcoin:** The US Supreme Court's decision not to hear a case on 69,370 seized Bitcoin may lead to a large sale, potentially increasing market volatility and exerting downward pressure on Bitcoin's price.

Traders are advised to wait for clearer signals before making moves.