How long will Bitcoin’s price consolidation last?

Since breaking above the $90,000 mark for the first time on Nov. 19, Bitcoin’s price has been consolidating between $91,500 and $106,500.But according to several technical and onchain metrics, Bitcoin’s consolidation may be nearing an end. The key question that remains is when Bitcoin will break out of consolidation.Bitcoin price action: sideways for nowBitcoin may continue consolidating in its current range for a bit longer, particularly after US President Donald Trump’s tariff threats triggered massive crypto liquidations and raised concerns of a trade war, a crypto analyst says.In a Feb. 5 analysis on X, Rekt Capital says that despite Bitcoin’s retesting $101,000 on Feb. 3, BTC failed to turn the daily close above it “into new support.” He adds:“BTC is probably going to consolidate between $98300 and $101000 for the time being.”For independent analyst Arjantit, Bitcoin’s current consolidation cycle could continue until the end of February. Arjantit says:Bitcoin price is consolidating after a 15-week rally (+105%).The daily structure of remains strong as long as it holds above $90,000.However, a dip below $90,000 could be a “buy opportunity.”The consolidation cycle will likely end in late February, after which BTC rallies to $120,000.No peak in BTC demand yetMany market participants expected investor exposure to Bitcoin to increase as BTC price broke the $100,000 mark. However, data shows that new demand remains “substantially lower than was experienced” at the peak of previous cycles.In what Glassnode describes the current BTC price trend as an “atypical market cycle,” its latest Week On Chain report notes:New demand for Bitcoin was 26% at the 2017 all-time high and 32% at the height of the 2021 bull cycle.New demand at the current all-time high of $109,000 is 23%.Glassnode adds: [T]hat new demand for BTC has been dominated by larger sized entities, rather than small retail sized entities.Therefore, sustained new demand from smaller players will likely be needed to end the current consolidation period.Meanwhile, Google Trends also shows social interest lower compared to previous cycles:Searches for Bitcoin have not reached the previous levels witnessed during the 2021 bull run.Bitcoin could break out of consolidation once investor interest starts picking up again.Bitcoin price breakout is coming — Bollinger BandsThe consolidation in Bitcoin price is a precursor for a major breakout, as suggested by Bitcoin’s volatility indicator.Key points:Tightening Bollinger Bands conditions indicate that a breakout might be very close.The daily Bollinger Bandwidth is extremely oversold, touching the lower green line.The width of the Bollinger Bands is currently tighter than when Bitcoin was at $68,000 in November 2024. then rallied 46% from $67,300 on Nov. 5 to $99,317 on Nov. 22.The indicator was also this tight in June 2024 and January 2024, preceding 31% and 19% rallies in BTC price, respectively.If history repeats, Bitcoin price will break out from the current range over the next few days or weeks.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.