<ul data-eligibleForWebStory="false"><li>Bitcoin is at a crucial point as it aims to secure a solid weekly close above $107,720 to signal bullish momentum and market confidence.</li><li>Analysts suggest that a strong weekly close could pave the way for Bitcoin to target the $130,000 to $135,000 range in Q3 and potentially reach $150,916 by October 2025.</li><li>Technical indicators on both hourly and daily charts show signs of a potential reversal, with the RSI recovering and the MACD nearing a bullish crossover. However, Bitcoin must overcome the critical resistance near $108,500 for the bullish trend to be confirmed.</li><li>BTC is currently consolidating within a descending channel on the daily chart, trading above the 50-day moving average, with analysts anticipating a breakout above the channel to trigger a move toward the $120,000 region.</li></ul>

Bitcoin Consolidates Below Resistance — Can It Seal A Weekly Close Over $107,720?

Discover more