<ul data-eligibleForWebStory="false"><li>Bitcoin retested a bullish megaphone pattern, signaling a potential breakout to a new all-time high.</li><li>Analysts suggest that BTC is on the verge of surpassing key resistance levels, with predictions ranging from $112,000 to $240,000.</li><li>Speculation around short squeezes and potential liquidations of short positions could further drive BTC's price higher.</li><li>Despite a rare sell-off signal on the three-month chart, the overall sentiment remains positive for Bitcoin, which currently trades at $107,701.</li></ul>

Bitcoin Successfully Retests Bullish Megaphone Pattern – Is A Breakout Imminent?

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