BTC To Target $150k Next Month: Bitcoin Next Target
Bitcoin is trading near $112,400, showing moderate strength after a pullback earlier in the month. Its price remains in a tight band between $110,000 and $114,000, with volatility rising as investors await key macroeconomic signals and U.S. government funding developments.
BTC Next Target
- Price: $112,400
- Market Cap: (based on circulating supply)
- 24-Hour Trading Volume: elevated due to news-driven flows
- Circulating Supply: ~19.9 million BTC
- Max / Total Supply: 21 million BTC
After making a new ATH of $124K, price has been consolidating in a Sideways Channel ($108K – $121K). Swing traders: could enter near channel support of $108K and exit near channel resistance of $121K. Trend traders: wait for a breakout. Bearish breakout below $108K could be followed by a dip to $100K. Bullish breakout above $121K could see the price make new ATHs.
We believe that the FED is likely to continue to cut interest rates in the next 4 months by 50 bps or more, which should be bullish for BTC and altcoins.
Key Indicators & Market Signals
- Resistance is forming around $114,500–$115,000; a break above could reignite bullish momentum.
- Support remains strong at $110,000; a drop below might lead BTC toward $105,000–$108,000.
- Recent liquidation events suggest leveraged longs are under stress, increasing short-term risk.
- Bitcoin’s correlation with equities is rising, meaning macro factors and market sentiment are influencing its moves more strongly.
Latest News Highlights
- Bitcoin dropped about 1% as crypto markets reacted to political uncertainty over a possible U.S. government shutdown.
- Some positive bounce came from renewed investor optimism after gold rallied, boosting risk appetite.
- Analysts warn of choppy trading ahead as various macro and regulatory catalysts loom.
Summary
Bitcoin trades near $112,400, squeezed between $110,000 support and $114,500+ resistance. A clean breakout higher could target $115,000+, while a failure to hold support may bring downside toward $105,000–$108,000.
With macro risk, regulatory uncertainty, and leveraged positioning influencing price, BTC may see choppy action before a clear directional move emerges.
