According to analysts, Bitcoin's price is likely to reach $150,000 after anchoring to a "high value area".
Bitcoin consolidated near $123,000 after an 8% leverage flush, signaling a possible new value area and setting up for a potential Q4 rally toward $150,000.
Bitcoin's recent rebound from the $120,000 level underscored buyer bids at that range, according to market analyst Skew.
Author's summary: Bitcoin may reach $150,000 by Q4 end.