🔘Bitcoin has climbed above $125,000, securing a weekly gain of 11.5%. The market is now holding its breath, waiting to see whether the price can extend its rally or face a correction. The key threshold lies near $126,100, marking the upper boundary of a broadening channel. A breakout above this level could pave the way toward $135,000, where Deribit data shows strong market maker interest in long gamma positions.
🔘If the current bullish momentum continues, BTC could test the $140,000 zone — one of the most popular strike levels in the options market. However, a failed attempt to breach $126,100 could trigger a pullback toward $118,000–$120,000. Over the coming days, this range will likely determine whether the rally evolves into a new trend or remains a short-term pause before consolidation.