Bitcoin’s price is consolidating near $123,000 after a leverage reset, indicating a potential new value zone and setting the stage for a possible rally towards $150,000 in Q4. Bitcoin is trading between $120,000 and $125,000, with buyer interest evident at the $120,000 level. Market data and on-chain metrics suggest a positive outlook, with analysts predicting a potential 15% to 25% increase towards $140,000 to $150,000 by the end of the year based on the MVRV ratio. Analysts remain optimistic about Bitcoin’s trajectory, with a more bullish scenario suggesting a climb to $170,000 to $200,000. Traders are advised to conduct their research before making any investment decisions.
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