Bitcoin’s price has been pretty boring lately. For almost two years, it’s mostly just drifted sideways, with only brief periods of excitement.
Two Years of Sideways Trading
One analyst, Crypto Con, looked at Bitcoin’s price action over the past two years. They found that out of the entire period, Bitcoin only saw significant gains for about 36 days! The rest of the time? A slow, frustrating grind. Right now, we’re in a 195-day stretch of sideways movement – and counting.
Short Bursts, Long Waits
Crypto Con’s analysis shows a pattern: short bursts of upward movement (usually lasting only 2-5 days) followed by long periods of stagnation. These short bursts are responsible for all of Bitcoin’s significant price increases during this cycle. The rest is just…flat.
The Illusion of Flatness
If you remove those short bursts of upward movement from the chart, Bitcoin’s price has essentially been flat or even slightly down for the whole cycle. Major sideways periods in 2023 and 2024 lasted 192 and 238 days, respectively. This current period is already nearing 200 days.
But the Cycle Isn’t Over (Yet)
Despite all this sideways action, Crypto Con believes the cycle isn’t over. They suggest that this long period of consolidation might be building up to a big breakout. Their chart predicts a potential price jump to between $165,000 and $180,000. That’s a massive increase from the current price of around $106,990 (over 54%).
If past patterns hold, this next big move could happen quickly – just like the previous short bursts of upward momentum. Until then, we’re stuck in what might be Bitcoin’s slowest, most patience-testing cycle yet.
