Bitcoin's price has been consolidating between $91,500 and $106,500 since surpassing the $90,000 mark in November. Analysts anticipate this period of consolidation may conclude by the end of February due to increasing demand and investor interest. Current trends indicate that Bitcoin may fluctuate between $98,300 and $101,000 for now, and a close below $90,000 may present a buying opportunity. Notably, Bitcoin’s new demand is much lower than in previous cycles, with 23% demand compared to 26% in 2017 and 32% in 2021. This suggests that increased interest from smaller investors might be necessary to end the consolidation. Furthermore, Bitcoin's Bollinger Bands are tightening, hinting that a breakout could be imminent, similar to patterns seen in the past. If the trend continues, analysts predict a rally to $120,000 could follow after the current consolidation ends.

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