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Bitcoin Could Rally Toward $120K, Analysts Say
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Data from Cointelegraph Markets Pro and TradingView show BTC/USD consolidating in a wide $82K–$95K range, forming a bullish megaphone pattern.
If the pattern plays out, Bitcoin could see a 34% rally from current levels, reaching $120,000.
Historical Santa rally windows show mixed results, with 2025 mirroring 2021’s post-halving pattern, which saw mild sell pressure.
Market derivatives favor bulls, with short liquidations creating upward momentum.
Traders are keeping a close eye on the $84,000 support level as a critical line in the sand for the upcoming rally.
