Bitcoin’s New High Faces Consolidation Ahead of Potential $150,000 Target

Bitcoin (BTC) reached a new all-time high over the weekend, but traders are anticipating consolidation before potential price gains towards $150,000. Experts attribute this surge to growing Decentralized Finance (DeFi) applications and increasing institutional interest. While some analysts see a retest of previous support levels around $118,000, others remain skeptical about an immediate breakout. The market is currently in a period of consolidation before potential movement. Crypto analysts anticipate further price increases after the current range-bound trading pattern breaks down.