Bitcoin's recent price action has exhibited a pattern similar to its 2016 behavior. A prolonged period of consolidation between $24,000 and $15,000 occurred from June 13, 2022, to March 14, 2023 (274 Days).After reaching levels between $55,000 and $70,000. This new price range has been in place for approximately 187 days till now.
In 2016, Bitcoin did indeed consolidate for an extended period of 211 days near its all-time high before finally breaking out. This consolidation phase was a significant precursor to the substantial price increase that followed.
You are not bullish Enough