After soaring to a historic peak of $108,000, Bitcoin (BTC) has entered a phase of steady consolidation, holding within a range of $90,000 to $100,000 for several weeks.
Despite a 10% dip in January 2025, crypto analyst Alex Bitblaze remains optimistic, pointing to familiar patterns in post-halving market behavior.
Bitcoin’s current market lull mirrors past trends observed after halving events. In early 2021, BTC saw a 25% drop, and in 2017, a similar January correction reached 30%. Both instances were followed by significant rallies, with Bitcoin achieving record-breaking growth, including a 2,400% surge in 2017. According to Bitblaze, this consolidation phase presents an opportunity for gradual accumulation, with potential market catalysts, such as Donald Trump’s January 20 inauguration, looming on the horizon.
Meanwhile, institutional confidence in Bitcoin remains strong, as evidenced by MicroStrategy’s ongoing accumulation of BTC. Under the leadership of Michael Saylor, the company has consistently added to its reserves for ten consecutive weeks, a pattern highlighted through weekly updates shared by Saylor.
On January 6, MicroStrategy purchased an additional 1,070 BTC, increasing its total holdings to 447,470 BTC, valued at over $40 billion. This continued investment underscores the company’s commitment to Bitcoin as a long-term asset.
With historical trends, institutional support, and potential market-moving events on the horizon, analysts suggest patience and strategic accumulation as the best approach for navigating Bitcoin’s current consolidation phase.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.
According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.
Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.
Metaplanet has expanded its Bitcoin treasury with a new acquisition of 1,005 BTC valued at approximately $108.1 million, further cementing its status as one of the largest corporate holders of the digital asset.