Bitcoin’s ongoing Cycle 4 is defined by its prolonged period of consolidation, marking the lengthiest sideways trading phase in recent market cycles. According to analysis, the cryptocurrency has remained range-bound for 195 consecutive days since mid-December 2024, reflecting a state of market indecision between bullish and bearish forces.
Significant price expansion has been notably scarce throughout this cycle. Analysts highlight that over the preceding two years, only 36 days accounted for substantial, decisive price movements. This extended equilibrium phase underscores current market uncertainty.
Professional projections indicate this period of consolidation is unlikely to persist indefinitely. Market observers anticipate a significant breakout is likely, with analysis pinpointing a potential window for this movement occurring later this year.
While the timing remains debated, various institutions project significant price appreciation following the breakout. Bitwise Investments maintains its bullish outlook with a $200,000 Bitcoin price target for the year.
Further short-term bullish sentiment comes from Matrixport analysts, who suggested a potential rally towards $116,000 within July based on examination of historical price trends preceding previous breakout events.