Bitcoin has been consolidating within a 'Rectangle' pattern for over two months, indicating a potential breakout. Technical indicators suggest that BTC may soon test key resistance levels. Analysis shows that Bitcoin recently broke above a key trendline and has followed a consistent cycle in the current consolidation phase. The first short-term price target is $102,500, while the second target is at $108,000, which represents the top of the Rectangle pattern. Analysts have mixed opinions, with some predicting a rally towards $120,000, while others believe that Bitcoin could remain range-bound for a longer period due to market uncertainty and macroeconomic factors.



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