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 is treading water near $105,000, but pressure is building on both sides of the trade as macro forces tighten.
BlackRock is making another assertive move into digital assets, quietly expanding its crypto portfolio with sizable purchases of both Bitcoin and Ethereum.
In a move that signals changing tides in traditional finance, JPMorgan is preparing to accept Bitcoin ETF holdings as collateral for loans—starting with BlackRock’s iShares Bitcoin Trust, according to insiders familiar with the plan.
With U.S. debt now over $36 trillion and the August 2025 ceiling deadline approaching, fears of default are mounting.