Researchers published their report to explore fears about people manipulating Bitcoin prices. In a recent interview, Joe Consorti explains that Theya’s Head of Growth emphasizes that no entity controls Bitcoin pricing as X, formerly Twitter rumors spread. Based on on-chain data, Consorti shows that Bitcoin price behavior follows historic patterns when LTHs sell their holdings.
Bitcoin Update: Consolidation, LTHs Buying, Global M2 Rising, & Gold’s Signal
Cliff-Notes:
• Bitcoin’s consolidation isn’t manipulation—it’s just long-term holders taking profits into strength, distributing to new entrants, and setting up for the next leg higher, as they’ve… pic.twitter.com/Kn8W5BWneA— Joe Consorti ⚡️ (@JoeConsorti) February 22, 2025
Consorti analyzes Bitcoin market data to show that market stabilization does not come from fabricated suppression measures. According to him artificial price manipulation theories from the gold era no longer work in transparent Bitcoin blockchains. He explains that filtering significant market interference becomes possible because running node software reveals every transaction on the blockchain.
He explains that Bitcoin follows typical market valuation patterns. Individuals who acquired Bitcoin during its weaker market phase between $15,000 and $25,000 have slowly sold partial amounts as prices rise to let new investors buy and raise the price up further. His data shows LTHs sold from $25K to $40K then $40K to $65K and once more when Bitcoin hit $95K.
Bitcoin Shows Resilience Amid Extended Consolidation And Market Shocks
According to Consorti Bitcoin is following a standard consolidation pattern that it has shown during earlier market cycles. Bitcoin has remained stuck between $95,000 and $95,000 for more than 100 days without breaking this price range. Recent similar patterns have developed into substantial price increases before. After LTHs resume purchasing activity LTHs the market enters a new growth period from its present range-bound state.
The Bitcoin market path experienced a brief impact from the $1.4 billion Ethereum theft incident at Bybit. Bitcoin showed strong resistance during the market disturbance with a mere 1.75% drop while the rest of the crypto space suffered losses.
According to Consorti Bitcoin’s current falling wedge formation will either end by March 1 or remain stable longer like during summer 2020. He indicates that Bitcoin could need another 236-day consolidation stage just like summer 2022 when trading stayed stable.
Key Economic and Political Factors Influence Bitcoin’s Future
He mentions fundamental economic and political events that affect Bitcoin price movement. The Trump administration has formed a Bitcoin team to evaluate whether a Strategic Bitcoin Reserve is practical by June of this year. By taking action earlier the decision will shape Bitcoin market movement although positive or negative.
Bitcoin spot ETF investing grew slower after January but other market elements including institutional funds and digital money transactions still impact price movement. The weakening connection between M2 global money supply and Bitcoin may restore as M2 climbs because of the US dollar weakening.
By comparing Bitcoin to gold market participants predict rising prices will follow. According to market trends Bitcoin could reach $120,000 during the following months following how gold has moved in value. Even though the price of Bitcoin currently rests at $95,645 trading experts continue to observe market behaviors for the next profit expansion.
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