Bitcoin, the world's largest cryptocurrency, has been trading within a narrow price range for over ten weeks, leaving investors and analysts wondering when it will break out of this consolidation phase. Despite repeated attempts to surge above $72,000 or drop below $60,000, Bitcoin's price has remained stuck, reflecting market uncertainty and a lack of clear direction.

Several factors contribute to this stagnation, including historical patterns, on-chain metrics, and market sentiment. Bitcoin's previous cycles have shown that it typically takes 4-8 weeks of consolidation around its previous cycle highs before a significant price movement occurs. Additionally, on-chain data reveals a decline in Bitcoin transfers from private custody to exchanges, indicating whale accumulation, which reduces market volatility.

Furthermore, Bitcoin's price stability exceeds the $65,000 support level on lower time frames, and the In/Out of the Money Around Price (IOMAP) model reveals strong support on the downside compared to its resistance in its recovery path. This suggests that Bitcoin may continue consolidating between $67,000 and $70,000, with $60,000 as critical psychological support.

While some analysts predict a parabolic uptrend after the halving, others believe Bitcoin will continue to trade within this range for an extended period. As the market waits for a clear direction, it is essential to remember that every investment and trading move involves risk, and thorough research is crucial before making any decisions.

Bitcoin's stuck price is a result of a combination of factors, including historical patterns, on-chain metrics, and market sentiment. As the market navigates this consolidation phase, investors and analysts alike are eagerly awaiting a breakout, which could lead to a significant price movement and a new all-time high.