Bitcoin is trapped in a fluctuation range of $80,000 to $95,000, possibly undergoing a "time-driven surrender."

The current narrow consolidation state of Bitcoin is similar to the range in April 2025. Since November 21, Bitcoin has been trading between $80,000 and $95,000, which roughly corresponds to the fluctuations between $76,000 and $85,000 from late February to early April 2025, when Bitcoin consolidated for 52 days and ended with a new round of increases, ultimately peaking at over $126,000 in October.

Traders refer to this situation as "time-driven surrender," where prolonged dull price movements lead to impatient holders exiting the market. In recent years, as Bitcoin has matured as an asset and has not experienced extreme declines seen in earlier cycles, "time-driven surrender" has become the norm.