Last month Bitcoin produced its highest close ever, $107,146. The last three months all closed green, the close was higher than the open, and this is the fourth green month so far.
Bitcoin tends to produce a period of bullish consolidation before a major move, and this is exactly what we are seeing now. Bitcoin tends to produce a correction before a major bullish move, and this is exactly what happened between January and April. Bitcoin is set to grow.
Past action · consolidation
We already looked at the consolidation period that happens between each major price advance. Since 2022, Bitcoin has been moving sideways for some 200-220 days before each advance. This happened in 2022, 2023, 2024 and also now in 2025.
Looking at it from the monthly timeframe, the consolidation period was capped each time at 7 bars, 214 days. Current consolidation has already been going for more than 215 days. Bitcoin is set to continue growing.
Indicators · MAs, RSI & MACD
Bitcoin is trading above all moving averages. The monthly RSI is very strong, beyond 70.6.
The monthly MACD is moving at all-time high levels, trending up with room available for additional growth.
Chart patterns · candlestick reading
The chart patterns now has no similarities to 2021. Many people were saying that Bitcoin produced a double-top similar to 2021 and was set to move down. I completely disagree with this analysis.
In 2021 both instances when Bitcoin peaked the month ended up closing red. In 2025 the months when Bitcoin peaked the months ended closing green.
The same month the peak was hit in 2021 was followed by bearish action, twice. And of course, the bear market. In 2025 the market has been consolidating for months and trading near its all-time high.
Finally, in 2021 each peak was 7 months apart, 214. In 2025, the last two peaks are 4 months apart, only 120 days.
This difference is good to point out because market conditions are not the same. Not the same market conditions means that Bitcoin is not likely to go into a bear market now, instead, it can produce something difference. The market has only three directions: Down, sideways and up.
Down has been eliminated based on past action.
Sideways is happening now.
Something different only leaves the upside open; Bitcoin is going up.
Namaste.