Bitcoin has broken out of an eight-month consolidation range by surpassing a descending broadening wedge, leading analysts to predict a new rally and a potential all-time high. The breakout has been eagerly awaited by investors who have seen Bitcoin trading within a tight range for most of this year. Analysts have set price targets in the range of $88,000 to $90,000, with some predicting a potential mid-term target of $100,000. The breakout could be a turning point, attracting further investment and potentially benefiting other digital assets as well. However, analysts caution that Bitcoin's trajectory could still be influenced by external factors such as regulatory actions and macroeconomic changes.



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