How long will the market need to consolidate before it can see the light of day again?

(Strategy Zhuye)

When will the consolidation end? Despite the widespread pessimism and anger, the price of $BTC is only 15% below the high

The darkness before dawn, mid-cycle re-accumulation, the emergence of cycle highs

From the monthly chart:

We reached the historical high of the previous cycle in the 16th month, and the previous cycle took more than two years. It is now the third month of sideways consolidation.

Historically, $BTC pauses after reaching the historical high and then reaches the final cycle peak. Longer sideways consolidation means that the next rise will be healthier and stronger.

From the weekly chart:

It has been 14 weeks of consolidation after the ETF news, down 12% from the high. This volatility is expected after the rise of nearly doubling from the recent low in January 2024.

It is worth noting that the 7-week cycle low in January was $38,000 (doubling of price).

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