Bitcoin Consolidates Near Highs, Eyes on $120K and $135K Targets

Bitcoin is currently consolidating near the $108,000 mark with robust support above $105,000. This consolidation tests key resistance levels as bulls aim for targets of $120,000, $135,000, and even $150,000. 7 This strength comes after Bitcoin successfully navigated a full market cycle from lows of $30,000 to highs around $15,500 in the past few years. 8 Since early 2024, Bitcoin has been showing signs of a strong recovery with increased trading volume and continued upward movement.