Bitcoin is currently experiencing a prolonged period of consolidation, trading within a narrow range of $91,000 to $102,000 for 81 consecutive days, with volatility at historic lows. Analysts from Bernstein and other financial institutions predict that a major breakout is imminent, driven by increasing institutional adoption and favorable regulatory developments. Bernstein analysts attribute the ongoing bull market to factors such as the approval of Bitcoin ETFs, institutional investments, and the election of a crypto-friendly U.S. president. Recent data shows that Abu Dhabi's sovereign wealth fund invested $436 million in BlackRock's Bitcoin ETF, signaling growing interest from sovereign entities. Additionally, Michael Saylor's firm, Strategy, has acquired an additional $2 billion worth of Bitcoin, further solidifying its position as one of the largest institutional holders. Analysts expect Bitcoin's price to potentially reach $200,000 by the end of 2025, with its role as a digital asset increasingly being compared to gold. The Choppiness Index, a measure of consolidation, is at its highest since 2015, and the MVRV-Z Score indicates the market has not yet peaked. Standard Chartered forecasts Bitcoin could surpass $500,000 before the end of Donald Trump's presidency. However, the market remains cautious due to macroeconomic uncertainties and geopolitical tensions. Volatility, which tends to be mean-reverting, suggests a significant price movement could occur soon.