Analyst: BTC could trade sideways for at least several months

Bitcoin could be poised for at least several more months of sideways price action if past patterns repeat, according to an analysis by quant trader and crypto analyst KillaXBT. He argued that based on the 180-day realized price—an on-chain metric for the average acquisition cost—the market has not yet spent enough time in a "red zone" of aggregate investor losses. The analyst noted that bear markets tend to involve prolonged periods of loss, suggesting that not enough investors have remained in an unprofitable state for a sufficient duration. Therefore, he concluded, if history is a guide, Bitcoin is likely to continue consolidating for at least a few more months.