Seems pretty simply when you look at it like this

Bitcoin really is just doing what is always does.

It tries to rally goes sideways and eventually breaks to the downside.

Then it goes sideways for a period of time called re-accumulation before ripping higher.

Like this:

(Source: https://x.com/nestayxbt/status/1821551381016129988/photo/1)

We saw this pattern in 2020 and again in 2023.

There has probably been a lot more of these if you really dive into the shorter time frames.

Either way, the stage is now set for a big move later this year.