Bitcoin has recently experienced a strong rally, reaching a new all-time high above $123,000 before entering a consolidation phase near the $117,000 to $120,000 range. The cryptocurrency is currently trading around $118,400, holding steady with mixed technical signals. While momentum indicators show some weakness, major moving averages remain bullish, suggesting potential for further gains. Market analysts anticipate a pivotal breakout towards $125,000 within the next few days, with some projections estimating Bitcoin could reach $150,000 by the end of August and potentially $250,000 by the end of 2025. Bitcoin’s price has surged approximately 65.3% from its recent cycle low of $74,501. Meanwhile, altcoins have rebounded despite Bitcoin's consolidation, reflecting a broader recovery in the crypto market. Overall, Bitcoin’s current price action indicates a strong underlying power and optimism about continued upward movement in the near term.