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Bitcoin’s recent price action can also be viewed as a consolidation period. Having surged significantly—moving from roughly $70,000 at the time of Trump’s election to almost $110,000—there was a natural need for Bitcoin to flag out and stabilize. Historical trends in Bitcoin's price trajectories demonstrate that extraordinary rallies often follow periods of consolidation, which Bitcoin is currently experiencing.
Thomas Lee, founder of Fundstrat, noted that a majority of Bitcoin’s significant gains occur in very few days each year. This observation reinforces the idea that the current price stagnation is part of a natural cycle and that investors should remain patient as the next significant upward shift approaches.