Bitcoin (CRYPTO:BTC) is experiencing its longest consolidation phase in history, lasting 87 days amid a bullish market sentiment.

Analysts suggest that this extended consolidation typically precedes significant price movements, potentially signaling a forthcoming uptrend.

Milky Bull highlights a bullish divergence, anticipating BTC's breakout to $85,000 before reaching $110,000.

Despite a recent weekend decline, Bitcoin has rebounded, trading above $65,000, fueling optimism for its long-term growth potential.