$150K Bitcoin price likely after BTC anchors to a ‘high value area’: Analyst

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.

Key takeaways:

Bitcoin retained range-bound trading above $120,000 after an 8% leverage reset in futures.

Spot demand and declining open interest point to renewed buyer confidence.

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