Bitcoin price nears 60-day consolidation mark – Is $107K jump imminent?
Bitcoin has consolidated above $80k for almost 60 days, a pattern that has triggered breakouts since 2023.
Based on analyst James Van Straten, an analogous 60-day consolidation window in Q1 2025, following President Donald Trump’s tariff insurance policies, noticed BTC climb increased afterward.
Supply: Digital Property Analysis
Related 60-day value ranges all through this cycle led to the identical upward pattern. Based on analysts at Digital Asset Analysis, who shared an analogous outlook, the 60-day window would supply the wanted springboard for BTC’s subsequent bounce.
“We’re presently at day 58. The conclusion is inescapable: the ‘coil’ is not simply winding; it’s snapping.”
This begs the query: Will the sample repeat in 2026?
Crypto sentiment insights says…
One other knowledge set that recommended a possible near-term bounce was the Crypto Worry and Greed Index (CFGI). Based on CryptoQuant data, BTC has rallied prior to now each time CFGI’s 30-day common crossed above its 90-day common.
Supply: CryptoQuant
For the primary time since Could 2025, the bullish crossover has occurred in early 2026, suggesting one other Bitcoin [BTC] value rally is probably going if historical past repeats itself.
In reality, Bitcoin dealer Bob Loukas expected the asset to leap to $107k if the broader market situations improved.
Nevertheless, not like the 60-day value vary in 2025, which ended when Trump reached a tariff take care of the affected international locations, the 2026 tariffs slapped on some E.U. international locations started on the finish of the present consolidation window.
So, the macro backdrop could also be barely totally different, and the result might range from the previous except a deal on Greenland is reached this week to validate the 60-day range-breakout projection.
BTC cools off, however…
For its half, blockchain analytics agency Glassnode mentioned that the latest correction from final week’s excessive of $98k to almost $90k, had not turned the latest momentum to unfavourable simply but. The agency added,
“Momentum has cooled however stays above impartial, pointing to consolidation slightly than pattern deterioration.”
The analytics agency highlighted that on-chain indicators, together with capital flows and revenue/loss situations, have recovered however ‘still-moderate conviction.’
On the Liquidation Heatmap, appreciable liquidity was positioned between $86.2k and $89.1k. These had been leveraged longs that would simply be targets within the occasion of a liquidity seize if tariff fears heighten within the subsequent few days.
On the upside, nonetheless, the rapid goal can be $93.4k.
Supply: CoinGlass
Ultimate Ideas
- Bitcoin’s value is near finishing its 60-day consolidation window, which triggered previous rallies all through this cycle.
- However present tariff fears increase questions on whether or not one other breakout will likely be possible.
