{"content":"Bitcoin’s Next Move: $150K Target Looms as Bulls Gear Up Bitcoin has stabilized this weekend after a strong week. The top cryptocurrency has been oscillating between $117,000 and $118,000. A famous internet commentator believes the Bitcoin price may be approaching a turning point in the coming weeks. A technical analysis model suggests BTC might reach a record $143,000 high after overcoming the next resistance level. BTC Must Break This Resistance To Rally Alphractal founder & CEO Joao Wedson wrote on X on July 12 that Bitcoin faces strong resistance between $118,900 and $120,000. Bitcoin Power Law predicts network impact and adoption curve without speculation. In this paradigm, the pricing model gives long-term Bitcoin price chart “bands” of support and resistance. Wedson indicated that the Power Law model suggests Bitcoin price resistance between $118,900 and $120,000. The on-chain expert says the market must break the Alpha Price, at $119,300. According to the Power Law model, the Alpha Price is a critical inflection point that the Bitcoin price must break and remain above to start the next big bull cycle phase. BTC must break over $119,300 to continue rallying. BTC must demonstrate tenacity to break the psychological $120,000 barrier, according to Wedson. The on-chain expert suggested it consolidate and remove some long traders before breaking $120,000. Wedson believes a sustained break of $120,000 will start a far greater rise for the market leader. On-chain expert set rally objective between $143,000 and $146,000, signifying this cycle's Bitcoin price high. BTC is now trading at $117,530, unchanged in 24 hours. However, the main cryptocurrency is up roughly 9% weekly. #BTCBreaksATH #ETHBreaks3k #USCryptoWeek #BinanceTurns8 #SECETFApproval $BTC $ETH $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/13/c2809eee8d6c4641a501f9be9512f390.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}