Bitcoin, the pioneering cryptocurrency, is experiencing an unprecedented consolidation phase, surpassing previous records and fueling optimism among investors. This remarkable stability has endured for 87 days, defying expectations and hinting at a potential surge. Despite a recent market downturn, Bitcoin has demonstrated resilience, rebounding alongside other prominent cryptocurrencies and reigniting interest in its long-term growth prospects.

According to crypto analyst Mags, this extended consolidation phase is a historical first, occurring within an ongoing bull cycle. Mags notes that Bitcoin often consolidates around its all-time highs before entering price recovery, as seen in past cycles. However, the current consolidation has eclipsed previous durations, with Bitcoin trading within a narrow range for a record-breaking 87 days. In contrast, the 2027 bull cycle saw a 48-day consolidation, while the 2020 cycle had a 21-day consolidation.

Milky Bull, another crypto expert, emphasizes the significance of this prolonged consolidation, anticipating substantial price movements upon breakout. "The longer the consolidation, the higher it moves when it breaks out," Milky Bull affirms, also highlighting a bullish divergence for Bitcoin, indicative of robust price strength. Should Bitcoin break out of this phase, Milky Bull predicts a surge to $85,000, potentially reaching $110,000.

Despite a weekend decline, Bitcoin's price has rebounded, trading above $65,000 with a 0.15% increase in the last 24 hours. Its market capitalization and trading volume have also risen by 0.15% and 40%, respectively, in the past day. As Bitcoin navigates this uncharted territory, investors are keenly watching for signs of a potential breakout, which could propel the cryptocurrency to new heights.