Rest before flight: Bitcoin preps for new all-time high as $123,000 holds

Bitcoin reached one of the biggest milestones in its history recently, rising from $112,000 to $125,000 in seven days. It seems the upward move isn’t over though, and there may be a lot more ahead.

Crypto analyst Miachael van de Poppe on 7 October said the coin may be getting ready to reach $150,000 as it continues to consolidate around the $123,000 price level.

A new all-time high in view

After reaching a new all-time high of $126,000 yesterday, Bitcoin has cooled down a bit and retraced to $123,000 where it has been consolidating according to Poppe.

Following this consolidation, he expects the coin to rise with little to no resistance until it gets to a new all-time high of $150,000.

According to the analyst, the worst case scenario is for Bitcoin to retrace down to $121,000, giving investors an optimal entry point ahead of the next wild ride.

#Bitcoin is nicely consolidating around the all-time high.

It's building up stamina for the next big breakout towards $150K.

If there's a dip, then I think that we're looking at <$121K for an optimal entry point. pic.twitter.com/oT4ZW7IVl2

— Michaël van de Poppe (@CryptoMichNL) October 7, 2025

Poppe had earlier predicted that Bitcoin would reach $139,000 if it managed to hold the $117,000 price level long enough.

Clearly, this expectation has been exceeded, causing him to raise his expectations for the asset.

In a similar prediction, another analyst says that Bitcoin has completed the first and second “Price Discovery Uptrend” and is now entering the third one.

Based on this, the analyst expects the coin to reach $150,000, same as Poppe’s expectations.

#BTC

Price Discovery Correction 2 is over

In the end, it was indeed shallower but it took roughly the same amount of time to resolve as in previous cycles (2017, 2021)

Now, Bitcoin is on the cusp of entering Price Discovery Uptrend 3$BTC #Crypto #Bitcoin https://t.co/YdXQqHd82w pic.twitter.com/n7xvcr8aTo

— Rekt Capital (@rektcapital) October 6, 2025