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Bitcoin Price Consolidation Nears 60-Day Window That's Historically Triggered Rallies
Source: CryptoNewsNet Original Title: Bitcoin price consolidation nears 60-day window that’s historically triggered rallies Original Link: Bitcoin BTC at $93,137.33 has remained between the November low near $80,000 and the January high around $98,000 for 59 days, and is now approaching the roughly 60-day timespan that marked previous consolidations since the collapse of crypto exchange FTX marked the cycle bottom in 2022.
Take, for example, April 2025 during market turmoil related to tariff policies. Bitcoin bottomed near $76,000 and held between that level and $85,000 for about 52 days before breaking out higher.
Earlier, between December 2023 and mid February 2024, bitcoin ranged just below $40,000 to around $50,000 for roughly 57 days, coinciding with the debut of U.S. spot bitcoin ETFs. This consolidation resolved with a breakout to new highs in March 2024.