The price of Bitcoin (BTC) is consolidated in a wide range from USD 76,600 to USD 87,500 from March 11.

According to technical indicators and Onchain, Bitcoin consolidation may last for some time. The key question that remains is that Bitcoin broke free from the current range of many weeks.

The price of BTC must recover USD 90,000 at the end of consolidation

Bitcoin can continue consolidation in its current extent longer, especially if 90,000 USD is not recovered, one popular cryptographic analyst says.

In the post of March 23 at X, market analyst Daan Crypto Trades he said:

• From March 11, the BTC price campaign was “uncertain”, without creating streaks of green or red candles in daily time.

• The sentiment and rush will return in favor of bulls when the price restore the previous range, which is located above USD 90,000.

• If this happens, “it would soon lead to new ups.”

• Failure to comply with this will take a risk of “Consolidation 2024/Summer” between 73,000 and 74,000 USD, which should at least offer some support.

“The price is almost in the middle of nowhere.”

This was repeated by the Jelle analyst, who he said The current Bitcoin consolidation cycle can last until the price of over USD 90,000 fails.

“Brak it and everything will look very, very good.”

For colleagues, Rekkt Capital Bitcoin analytics must produce every week close to USD 88,000 to confirm a higher breakthrough.

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In the post of March 24, the analyst he said:

• Bitcoin is close to the re-resistance provided by the 21-week moving average (EMA) (green), the peak of the triangular market structure produced by 21 EMA and 50 EMA.

• BTC will need a weekly close above green EMA for 88 400 USD, and then confirm the breakthrough compared to USD 93,500.

• A similar price campaign took place in 2021, when Bitcoin produced over USD 40,000 a week, and the candlesticks in the next week completed the level before promotion up.

“If history repeats, this kind of variability of about 21-week EMA should not be a surprise.”

BTC financing rates remain subdued

One of the cleanest characters that before Bitcoins is the more agitated price is the presence of negative financing indicators and a reduction in open interest (OI) on Futures markets.

Key points:

• Financing rates are periodic payments between long and tiny traders in continuous Futures contracts to maintain prices in relation to the spot market.

• When this record becomes negative, shorts pay long, pointing to bear.

• BTC financing rates are about 0%, which indicates indecision on the market.

• When the financing rates are zero, the cost of maintaining the position is minimal, which reduces the pressure on traders to get out of length or shorts.

• This can stabilize the price of Bitcoin in a tiny period, because none of the parties pay premium, suppressing variability and leading to further consolidation.

• It can also signal accumulation before a potential rally or decay in front of the next leg.

The QCP Capital Commercial Firma said in a telegram note for investors that although Bitcoin issued a “slight reflection at the weekend”, retreating above USD 85,000, “financing rates remain flat”, adding:

“We are careful in the perspective of a permanent breakthrough.”

Consolidation of Bitcoin prices ends – Bollinger bands

Waiting for a breakthrough in the price of BTC is built, as the Bitcoin variability indicator suggests.

Key points:

• The conditions for tightening the Bollinger bands indicate that the breakthrough can be very close.

• Bollinger’s weekly capacity is at a very sold -out level, affecting the lower green line.

• The width of the Bollinger teams is as tight as in July 2024 to October 2024, when it consolidated from 63,000 to 69,000 USD, the highest level of all time 2021.

• Then the BTC/USD pair increased 60% from USD 67,500 in October 2026 to the previous 2024 USD in the amount of USD 106,000, achieved in December 2024.

• The indicator was also so compact between June 2023 to September 2023, before 176% rally at the BTC price from USD 24,400 to 73,800 USD 14 March 2024.

If the story repeats itself, Bitcoin may soon leave the current range in the next few weeks.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.