In short. it is the sideways movement usually within a range of parallel lines, mostly with a small angle..

According to the statement by on-chain analysis platform Glassnode, the Bitcoin market has entered a period of reconsolidation.
Bitcoin has fluctuated between $92,000 and $98,000 after reaching a record high of $99,400 last week.
According to Glassnode data, daily realized profits have dropped significantly to $277 million, a 42 percent decrease from the $481 million peak recorded on November 16.