Source: CryptoNewsNet
Original Title: Bitcoin’s ‘time-based capitulation’ nears 50 days, echoing conditions prior to 2025 surge
Original Link:
Bitcoin’s BTC price is locked in a back-and-forth range for weeks, mirroring similar choppy action from early last year.
The cryptocurrency has traded between $80,000 and $95,000 since Nov. 21, now approaching the 50th day of this roughly 20% range. This somewhat aligns with the duration of the back-and-forth trading between $76,000 and $85,000 observed from late February 2025 to early April 2025.
That consolidation lasted for 52 days and ended with a renewed move higher that saw prices ultimately peak at over $126,000 in October.
Time-based capitulation
Both are examples of what traders refer to as a time-based capitulation, i.e., prolonged, boring price action that leads impatient holders to exit the market.
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Bitcoin's 'time-based capitulation' nears 50 days, echoing conditions prior to 2025 surge
Source: CryptoNewsNet Original Title: Bitcoin’s ‘time-based capitulation’ nears 50 days, echoing conditions prior to 2025 surge Original Link: Bitcoin’s BTC price is locked in a back-and-forth range for weeks, mirroring similar choppy action from early last year.
The cryptocurrency has traded between $80,000 and $95,000 since Nov. 21, now approaching the 50th day of this roughly 20% range. This somewhat aligns with the duration of the back-and-forth trading between $76,000 and $85,000 observed from late February 2025 to early April 2025.
That consolidation lasted for 52 days and ended with a renewed move higher that saw prices ultimately peak at over $126,000 in October.
Time-based capitulation
Both are examples of what traders refer to as a time-based capitulation, i.e., prolonged, boring price action that leads impatient holders to exit the market.