Bitcoin's 60-day consolidation period is nearing its end: historical patterns indicate that the direction choice is imminent

Source: BlockMedia Original Title: Bitcoin approaches the end of the 60-day box range… Historically, this zone has seen directional shifts Original Link: Bitcoin is currently at the end of a roughly two-month consolidation phase, with market anxiety continuing to rise. Based on the recurring price patterns observed after the 2022 FTX collapse, Bitcoin has historically made directional choices at similar points, which is why this sideways phase is considered a significant turning point.

According to the latest data from digital asset research institutions, Bitcoin has been in a limited fluctuation range for 59 consecutive days, between around $80,000 near the November 2022 low and $98,000 at the January 2023 high. This marks the fifth major adjustment phase following the cyclical low caused by the FTX bankruptcy event, with the previous four phases breaking out of the consolidation zone after approximately 60 days of sideways movement.

The most recent case occurred in April 2025. Against the backdrop of global financial market instability triggered by a certain country’s president’s tariff policies, Bitcoin formed a low at $76,000, then fluctuated within the range of $76,000 to $85,000 over about 52 days. Afterwards, volatility increased, establishing an upward trend.

Earlier, between December 2023 and mid-February 2024, Bitcoin also consolidated for about 57 days between below $40,000 and $50,000. This range coincided with the period of the US spot Bitcoin ETF launch, and after the adjustment, Bitcoin hit a new all-time high in March 2024.

From August to October 2023, Bitcoin also showed a consolidation trend for about 59 days between $25,000 and $30,000, before gradually entering an upward phase. The earliest case was at the end of 2022, when Bitcoin completed a bottom formation near $15,000 over about 62 days following the FTX bankruptcy, then announced the start of a new upward cycle in January 2023.

The market generally believes that this repetitive pattern indicates Bitcoin has formed a stable structural characteristic: after forming a bottom, it compresses in price for a period before making a directional choice. Based on historical case analysis, the digital asset research community considers the so-called “consolidation” phase, where prices compress within a narrow range, to be nearing its end.

However, there are cautious views regarding short-term directional judgments. Currently, Bitcoin is trading at around $93,000 on a 24-hour basis, with both volume and volatility showing limited activity. Given that macroeconomic conditions and liquidity changes could introduce variables different from the past, the market advises treating historical pattern similarities only as reference indicators, not as definitive predictive criteria.