Bitcoin Price Prediction: New ATH at $123K—What’s Next?

• BTC hit a new all-time high at $123K and has posted ATHs for four straight days
• Liquidity zones around 104K–107K and 118K could act as key levels in a retracement
• In uncharted ATH territory, bitcoin price prediction becomes probability, not certainty

If you’ve been glued to the charts lately, you already know: Bitcoin is on a mission. Four consecutive days of new all-time highs and zero signs of slowing down.

The price just touched $123,000—yes, for the first time in history.

And while it’s tempting to throw out crazy bullish targets like $150K, we’re also traders… and we know price doesn’t move in straight lines forever.

The challenge now? We’re in uncharted territory.

There’s nothing to the left of the chart to anchor our decisions—no prior supply zones, no historical resistance, nothing. Welcome to price discovery. The land of the fearless—and sometimes the wrecked.

That said, let’s break it down with structure, liquidity, and demand zones that could come into play soon.

Daily Structure: Still Vertical, But Liquidity Is Building

On the daily, we see the first hints of where Bitcoin might want to reach for if it decides to cool off. There’s clear liquidity sitting around 104K and 107K.

These are areas where many traders jumped in late—or placed stops thinking price wouldn’t come back. But as you probably know, liquidity often becomes the target, not the safe zone.

Around 118K, we also have a daily demand zone, which at first glance looks like a possible bounce area if BTC does retrace. But here’s where it gets tricky…

H4 and H2: Zoom In and Things Shift

Drop down to the 4-hour chart and that clean daily demand?

It suddenly looks like liquidity waiting to be swept. Price already tapped it lightly and bounced, but didn’t leave with conviction. That’s often a red flag.

H2 offers more insight. Just below that daily demand, there’s a clearer H2 demand sitting with uncollected liquidity above it. That zone is interesting—it could be where smart money wants to reload before pushing again.

Meanwhile, if you’re one of those people who can’t help but short, just know: it’s high risk. But if you really must, there’s an H1 supply zone just above current price. BTC could wick into that before dropping to grab liquidity below.

## Where Could BTC Go Next?

We’re not in the prediction business—we’re in the possibility business. So let’s talk about what’s possible, not guaranteed.

In this kind of momentum, $150K isn’t off the table. Not because it’s magical, but because in price discovery, market psychology and liquidity fuel every candle. People pile in. Stops build up. And BTC loves taking them all.

At the same time, if we see a fast reversal, a move back to 104K–107K wouldn’t be a shock either. That’s the beauty (and the trap) of all-time highs: they create the illusion of strength until they don’t.

Final Thoughts

This isn’t the time to guess—it’s the time to wait for the chart to talk. If you’re a breakout buyer, protect your capital.

If you’re short-biased, pick your spots carefully. And remember, no matter how confident you feel, the price could absolutely do whatever it wants, whenever it wants.

So stay flexible, manage your risk, and respect the trend—even if it makes no sense.