Bitcoin is nearing the end of its post-halving consolidation phase, with the price hovering near all-time highs and traders anticipating a potential breakout in the coming weeks.
Analysts believe that Bitcoin may be setting the stage for a strong rally, supported by historical patterns and improving on-chain signals.
BTC is showing signs of renewed bullish momentum, flirting with its highest weekly close ever around $108,000, indicating firm control by bulls.
If Bitcoin can maintain current support levels and break through resistance, it may pave the way for a larger rally towards $120,000 and beyond.