Bitcoin continues to move sideways with a slight downward trend, marking the tenth day of this pattern. The price remains above $67,000 due to strong support, suggesting an imminent upward surge that could catch many off guard.

**Sideways and Downwards**
The adage “Markets can remain irrational longer than you can remain solvent,” attributed to John Maynard Keynes, is relevant to the current bitcoin price action. Bitcoin has been moving sideways and slightly downwards not just for the last ten days, but since its all-time high on March 14. For investors unfamiliar with market cycles, the past few months may have felt interminable, leading some to sell, particularly when prices dipped to $56,600.

**Building Price Structure**
The recent price movements are typical and contribute to building a price structure around the last bull market high of 2021. This structure will serve as a solid foundation for bitcoin's next upward move. As shown in the weekly chart, strong support levels have formed, allowing bitcoin to build this important structure as it moves sideways.

**Inflation Concerns**
Despite expectations for bitcoin to begin its next upward push, rising inflation is causing concern. The Federal Reserve is likely to maintain or even increase interest rates, making it harder for bitcoin to gain momentum in a high interest rate environment where liquidity is tight. Without ample liquidity, risk assets like bitcoin may continue to move sideways.

**Right-Translated Cycle?**
There is speculation that instead of a shorter bull market, we might be witnessing a prolonged, or right-translated, bull market. While this is a possibility, current indicators suggest that the next bitcoin rally is imminent. It's just a matter of time.