Bitcoin (BTC) 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 the market turmoil related to President Donald Trump's 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.
Another comparable phase took place from August through October 2023, when bitcoin traded between $25,000 and $30,000 for around 59 days before climbing higher.
Finally, following the FTX collapse that marked the prior cycle bottom, bitcoin consolidated for approximately 62 days around the $15,000 level. That range ended with a breakout in January 2023, signaling the start of the new market cycle.
Digital Asset Research also highlighted this “60 day resolution,” noting that bitcoin’s post-bottom consolidation ranges typically resolve within a 60 day window, suggesting that the price “coil” is no longer merely tightening, but beginning to snap.