Analyst Says Cycle Is Not Finished Amid 2 Years Of Bitcoin Sideways Movement

Bitcoin has been in a sideways movement for 195 days, which is part of a broader two-year period of sluggish price action and short-lived rallies. According to a crypto analyst, only 36 days of meaningful gains have been seen in this cycle, with the rest being a relentless grind. Despite market fatigue and repeated new lows, the analyst believes the cycle isn't over yet. The analyst's chart shows a pattern of prolonged range-bound activity interrupted by short bursts of expansion. Bitcoin has been consolidating for 195 consecutive days without setting a new local high. The total time spent in actual upward expansion in the entire cycle is just 5.76 months. The analyst notes that every expansion phase has occurred within extremely narrow windows, typically just two to five days long. The rest of the cycle has been characterized by a consistent sluggish grind and long stretches of price consolidation. Despite the drawn-out stagnation, the analyst maintains that this cycle is not over yet and that Bitcoin's prolonged accumulation and consolidation could be building pressure for a significant breakout. The chart shows Bitcoin's next potential upside target between $165,000 and $180,000, representing a price increase of over 54%.