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

ambcryptoОпубліковано о 2026-01-21Востаннє оновлено о 2026-01-21

Анотація

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.

Пов'язані питання

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.

Пов'язані матеріали

A 'Overlooked' Market Event: Joint US-Japan-South Korea Intervention, Rare US Treasury Involvement, and Bessent's Quiet 'Market Rescue'?

Summary: The United States, Japan, and South Korea executed their largest coordinated foreign exchange intervention in nearly 30 years. The action targeted depreciation pressure on the Japanese yen and South Korean won. This move is seen as a significant effort by the US to stabilize the financial markets of its key allies and prevent the spillover of risks. Key details: * Japan reportedly intervened on July 30 using approximately 8.45 trillion yen (about $52.8 billion). South Korean authorities also intervened that day, selling dollars to support the won. * Notably, the US Treasury Department intervened directly in yen markets for the first time in roughly 30 years. The New York Fed, reportedly acting on behalf of the Treasury, sold euros to buy yen via Goldman Sachs and Morgan Stanley on July 31. Analysts view the use of the euro-yen pair as a way to alleviate yen pressure without adding selling pressure to the US dollar. * Prior to the action, the New York Fed conducted "rate checks" on both USD/JPY and EUR/JPY, a newer signaling tool that falls between verbal and physical intervention. The intervention is interpreted as going beyond traditional currency stabilization. Analysts, such as Michael Hartnett of Bank of America, suggest it resembles a "Price Keeping Operation" for the AI era. The core US objectives are perceived to be: 1. Preventing rapid yen depreciation from triggering a sharp rise in Japanese government bond yields. 2. Containing financial stress from spreading across Asian markets like South Korea and Japan. 3. Reducing the risk of disorderly capital flows impacting the US bond market. This coordinated action underscores the importance of Japan and South Korea as critical partners in the US semiconductor and AI supply chain. Stabilizing their financial markets is seen as vital to mitigating risks to the broader tech industry and the US market itself. The intervention coincides with market pressures, including the KOSDAQ index hitting a low since October 2022. While seen as a move to control volatility, some analysts caution it may not fundamentally reverse existing market trends.

marsbit4 хв тому

A 'Overlooked' Market Event: Joint US-Japan-South Korea Intervention, Rare US Treasury Involvement, and Bessent's Quiet 'Market Rescue'?

marsbit4 хв тому

Will the Federal Reserve Definitely Raise Interest Rates in September? How Will Cryptocurrencies and US Stocks Bear the Pressure?

In early August 2024, market expectations for a September Federal Reserve rate hike surged dramatically, from below 50% to over 80%, driven by renewed inflation concerns. This shift followed a contentious July FOMC meeting where a 9-3 vote to hold rates revealed a growing hawkish faction advocating for an immediate hike, citing prolonged above-target inflation. The key catalyst is escalating conflict near the Strait of Hormuz, which has pushed oil prices up approximately 20% in July, threatening to reignite inflation. The next critical data point is the July CPI report on August 12th; a hot reading could solidify hike expectations. For crypto assets, particularly Bitcoin, this represents near-term pressure. Bitcoin continues to exhibit high-beta, risk-on characteristics, making it sensitive to tightening liquidity and higher opportunity costs. However, historical precedent suggests that if a hike is perceived as the cycle's end rather than its start, the negative impact may be brief, with markets quickly pivoting to anticipate future rate cuts. U.S. stocks, especially crypto-linked equities like Coinbase and high-valuation tech stocks, face amplified volatility. Higher rates increase discount rates in valuation models, pressuring growth stocks. This coincides with a pivotal tech earnings season where investor focus has shifted from massive AI capital expenditures to demonstrable revenue and cash flow generation. Companies with negative cash flows and weak growth narratives could see severe pressure if a September hike materializes, as financing costs would rise. Key indicators to watch include oil prices, upcoming inflation data, and Fed commentary at events like the Jackson Hole symposium.

Odaily星球日报4 хв тому

Will the Federal Reserve Definitely Raise Interest Rates in September? How Will Cryptocurrencies and US Stocks Bear the Pressure?

Odaily星球日报4 хв тому

From South Korea to the United States: Blue-Collar Jobs Are Becoming Increasingly Popular, Thanks to AI

AI is reshaping the labor market's value proposition. The traditional four-year college degree is losing its appeal as a guaranteed career path, while skilled blue-collar trades like electricians, welders, and plumbers are experiencing historic demand and wage premiums. This shift is driven by dual pressures: AI's displacement of certain white-collar roles and a booming need for physical infrastructure and data center construction. Data confirms the trend. In the U.S., vocational school revenue surged, and a significant portion of recent layoffs are AI-related. Surveys show a majority of Gen Z adults plan to pursue blue-collar work, citing better job security against AI automation. Vocational education interest has exploded recently. Experts cite a psychological shift as younger generations seek tangible, AI-resistant careers and avoid high student debt. In many cases, salaries for skilled trades now match or exceed those requiring a bachelor's degree. In South Korea, semiconductor vocational high schools boast near-total employment, with graduates securing high-paying roles at companies like Samsung. The shortage is structural, exacerbated by a retiring baby boomer workforce and massive infrastructure projects. Companies like JPMorgan Chase, Meta, and Lowe's are investing heavily in training programs. However, overcoming historical stigma and a "perception gap" around trade careers remains a key challenge to closing the talent gap.

marsbit1 год тому

From South Korea to the United States: Blue-Collar Jobs Are Becoming Increasingly Popular, Thanks to AI

marsbit1 год тому

Торгівля

Спот
活动图片