$BTC Bitcoin has demonstrated a cyclical behavior linked to halvings, events that occur approximately every four years and halve the reward that miners receive for validating transactions. This mechanism, designed to control the issuance of new bitcoins, usually triggers acceleration phases in the price known as parabolic phases.

The big pancake is entering a sideways consolidation on the 4-hour level, seeking a breakout direction. There is some upward momentum, but it also faces overbought adjustment pressure. The Bollinger Bands are narrowing, and with the weakening MACD momentum, it suggests that the short-term market may lack strong directional guidance.