Bitcoin price nears 60-day consolidation mark – Is $107K jump imminent?

ambcryptoPublished on 2026-01-21Last updated on 2026-01-21

Abstract

Bitcoin has consolidated above $80,000 for nearly 60 days, a pattern that historically triggered breakouts. Analysts suggest this could lead to a significant upward move, with one trader targeting $107,000. The Crypto Fear and Greed Index also shows a bullish crossover, supporting a potential rally. However, new tariffs on some E.U. countries introduce macroeconomic uncertainty that may affect the outcome. Despite a recent correction from $98,000 to around $90,000, momentum remains in consolidation rather than a negative trend. Key liquidity levels are noted between $86.2k–$89.1k, with an upside target of $93.4k. The overall outlook is cautiously optimistic but dependent on external factors.

Bitcoin has consolidated above $80k for nearly 60 days, a trend that has triggered breakouts since 2023.

According to analyst James Van Straten, a similar 60-day consolidation window in Q1 2025, following President Donald Trump’s tariff policies, saw BTC climb higher afterward.

Similar 60-day price ranges throughout this cycle led to the same upward trend. According to analysts at Digital Asset Research, who shared a similar outlook, the 60-day window would offer the needed springboard for BTC’s next jump.

“We are currently at day 58. The conclusion is inescapable: the ‘coil’ is no longer just winding; it is snapping.”

This begs the question: Will the pattern repeat in 2026?

Crypto sentiment insights says...

Another data set that suggested a potential near-term bounce was the Crypto Fear and Greed Index (CFGI). According to CryptoQuant data, BTC has rallied in the past whenever CFGI’s 30-day average crossed above its 90-day average.

For the first time since May 2025, the bullish crossover has occurred in early 2026, suggesting another Bitcoin [BTC] price rally is likely if history repeats itself.

In fact, Bitcoin trader Bob Loukas expected the asset to jump to $107k if the broader market conditions improved.

However, unlike the 60-day price range in 2025, which ended when Trump reached a tariff deal with the affected countries, the 2026 tariffs slapped on some E.U. countries began at the end of the current consolidation window.

So, the macro backdrop may be slightly different, and the outcome may vary from the past unless a deal on Greenland is reached this week to validate the 60-day range-breakout projection.

BTC cools off, but...

For its part, blockchain analytics firm Glassnode said that the recent correction from last week’s high of $98k to nearly $90k, had not turned the recent momentum to negative just yet. The firm added,

“Momentum has cooled but remains above neutral, pointing to consolidation rather than trend deterioration.”

The analytics firm highlighted that on-chain signals, including capital flows and profit/loss conditions, have recovered but ‘still-moderate conviction.’

On the Liquidation Heatmap, considerable liquidity was located between $86.2k and $89.1k. These were leveraged longs that could easily be targets in the event of a liquidity grab if tariff fears heighten in the next few days.

On the upside, however, the immediate target would be $93.4k.


Final Thoughts

  • Bitcoin’s price is close to completing its 60-day consolidation window, which triggered past rallies throughout this cycle.
  • But current tariff fears raise questions about whether another breakout will be feasible.

Related Questions

QAccording to the article, what historical pattern has Bitcoin's current 60-day consolidation above $80k triggered since 2023?

AThe 60-day consolidation trend has triggered breakouts and upward price rallies since 2023.

QWhat specific price target did trader Bob Loukas expect Bitcoin to jump to if market conditions improved?

ABitcoin trader Bob Loukas expected the asset to jump to $107k if the broader market conditions improved.

QWhat does the recent bullish crossover on the Crypto Fear and Greed Index (CFGI) suggest for Bitcoin's price, according to the article?

AThe bullish crossover, where the CFGI's 30-day average crossed above its 90-day average for the first time since May 2025, suggests another Bitcoin price rally is likely if history repeats itself.

QHow does the current macro backdrop, specifically regarding tariffs, differ from the 2025 scenario and potentially affect the outcome?

AUnlike the 2025 consolidation which ended when a tariff deal was reached, the 2026 tariffs on some E.U. countries began at the end of the current consolidation window. This different macro backdrop means the outcome may vary unless a deal is reached to validate the breakout projection.

QAccording to Glassnode, what does the recent price correction from $98k to $90k indicate about the market's momentum?

AGlassnode stated that the recent correction has not turned momentum negative yet, and that momentum has cooled but remains above neutral, pointing to consolidation rather than trend deterioration.

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